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B&M Group is a private savings and credit investment association that operates as a lending circle for its members. Members save money into a shared fund through a secure web portal, from which they can request loans of up to twice the amount they have saved. Savings are returned at the end of the year or when a member leaves the group, and participants can earn interest based on their performance during the year. Membership is restricted and by invitation only, with operational guidelines outlined in the group's terms and privacy policy. The organization is led by co-founders who oversee the enforcement of rules, financial record-keeping, and decision-making on major risks.
- Website
- bmfinance.me
- Categories
- Financial services