What is Table Banking?

Table banking is a form of microfinancing built on trust, where neighbors loan each other money when traditional banking systems fail them.

1. We select a group of 15-20 neighbors who are interested in sponsorship.

2. The groups must show that they can function independently, having a bank account and are recognized as a CBO (Community Based Organization).

3. We give the new group an initial grant of $1,000 to $1,200 US dollars, and a smartphone so they can connect with our team.

4. Members take out loans to pay for entrepreneurial projects

- Chickens or goats to raise and sell

- Rain barrels to collect water

- Money to sell clothes in town

5. Loans are recorded in a ledger, on a table

6. Each month, the members meet

- Pay loans, with interest

- Take out new loans

- Report on funding status to WAF

7. Over time, the initial grant can double or quadruple, enriching the whole neighborhood

8. We provide coaches in-country to help groups get started, to hold each neighbor accountable and to celebrate successes.