Yesterday I had a delightful lunch with Jean Claude Rodríguez-Ferrera Massons of ACAF and Puddle, and Jose Quiñonez of the Mission Asset Fund, two wonderful people full of exciting ideas. What a pleasure - I knew them both a bit through the internet but had never met them in person.
At one point, I asked Jean Claude how he dealt with loan approval in his on-line puddles. He replied, “Oh, there is no procedure. Loan approval is already done when you form the group. If you invite someone