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Why peer lending and savings groups persist especially in a pandemic

Alternative banking is evolving, and in https://paydayloan4less.com/payday-loans-co/ some cases, attracting attention from big finance and tech

what are personal loans used for

Mixing friendship and finance can be messy, but for many Canadians who take advantage of peer lending and savings, it works.

The concept involves groups of friends or acquaintances pooling money together to provide funding in situations where traditional financial institutions won’t or don’t work.

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