I am in a savings pool. Like a #CreditUnion, it allows us to make our savings available to each other as loans. But we don't charge interest on the loans, instead members accumulate savings as they pay off their loans, which become available to them when the loan is paid off. Also, we make decisions about loans by consensus, instead of having a loan officer making final decisions. But we depend on volunteer administrators and we need some #FreeCode banking software to manage the accounting.

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@strypey

I've always wanted to see something like this happen for insurance. I mean the way the current insurance industry operates is such an anti-community scam.

I guess ultimately though, hat you're doing could work as such given that it's interest free, with a person just applying for a loan if needed because of the kind of event an insurance claim would normally be filed for...

ould definitely be great to see a wider adoption of ...

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