Community-Based Lending

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= Future potential and reputation are the means for currency exchange where an entire neighborhood is responsible for loans. [1]


Example

John C. Havens:

It's "a model being replicated in the online world by Lenddo. “You can think of a Lenddo score as a page rank for people’s financial reputation,” says Lenddo CEO Jeff Stewart. “The best way to improve your Lenddo score and better access to loans is to have many friends from multiple circles who are willing to put their reputation at risk to vouch for your good character.” Helping people with these loans at scale means Lenddo can create relationships that move beyond financial transactions to build a global community that encourages good will." (http://mashable.com/2011/07/28/social-media-influence-accountability)


More Information

Cited by John C. Havens as an example of Accountability Based Influence