Post Tagged with: "lending circles"

Miss Zeng, the organizer of the biao hui (Photo provided by a biao hui member via World Journal)

Another Biao Hui Collapses, With Losses Exceeding $20M

East Asian, New York June 1, 2017 at 7:34 am

Members of the largest biao hui, or loan club, in the Chinese community say the organizer has disappeared, along with more than $20 million in pooled money, reports World Journal.

Korean American seniors waiting in a line to receive free lunch at a senior center in Flushing, Queens. Many of social service recipients at the senior center joined the mutual aid program. (Photo by Joeun Lee for Voices of NY)

How Low-Income Korean Seniors Finance Their Burials

Korean seniors in New York with low incomes often join a mutual aid society program to finance their burials. Now some worry that they may put in more money than their children will be able to draw out, and revisions to the program have been put in place to enhance equity.

Announcing the formation of the Flushing Lending Circle on Oct. 2 (Photo via Sing Tao Daily)

‘Flushing Lending Circle’ Formed

Business, Queens October 13, 2015 at 4:45 pm

A new lending circle comes to Flushing, with the blessing of local organizations and politicians, reports Sing Tao Daily.