Another Biao Hui Collapses, With Losses Exceeding $20M
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.
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 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.
A new lending circle comes to Flushing, with the blessing of local organizations and politicians, reports Sing Tao Daily.