Changing everyday lives because they build Credit History — One Microloan at any given time At an business building in San Francisco’s Mission District, a tiny number of people that just met sat thinking how much cash to provide to one another — between $50 and $200 per month. One at a time, a coach motorist, a technology instructor as well as others around a dining table stated “200,” until Jazzel Woods Sr.’s turn came up. “Oooh! You all some big spenders!” stated Woods, 28, a teenager counselor in Oakland that is struggling to cover their lease. After some doubt, he stated: “Yeah, you can be given by me 200.” Woods in addition to other Bay region residents are committing to take part in a system that bridges informal traditional financing techniques — called tandas in Mexico or kye in Korea — using the main-stream financial system. The nonprofit Mission Asset Fund, which manages the program, guarantees individuals zero-interest loans therefore the opportunity to build their credit ratings, that will help build economic security. The program has become a tool to boost credit scores for African Americans, young people and others across the country while...