Bankers brainstorming for a way to make good loans in inner-city neighborhoods might want to borrow an idea from Korea and Korean-Americans.

Koreans regularly organize a type of lending club known as a keh (pronounced key). Each member makes a monthly contributions. When the pool gets large enough, a vote is held to award a loan to the member with the best idea for a new business venture.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.