Discussion: Lending Club
What is a lending club? We discuss the OMC and NECAP examples. What is it? How does it work? It’s the “Storehouse” in action…
Rules
1. The first rule of Lending Club is: You do talk about Lending Club
2. The second rule of Lending Club is: You do talk about Lending Club
… wait a second – no but seriously ….
Scriptural Rules for Lending Club
1. Do not charge your brother interest (Deut 23:19); 2. Do not charge interest to the poor (Deut 22:25)
2. Forgive debts every seven years (Deut 15:1)
3. Return the pledge (do not hold collateral) (Ezek 33:15)
4. Don’t expect to be repaid (Luke 6:34)
5. Lend to your enemy (Luke 6:35)
6. Freely you have received; freely give (Matt 10:8)
7. Open your hand wide to the poor for their need (Deut 15:8)
8. Borrower repays principal under God (Psalm 37:21)
But wait, that’s impossible, right?
Everything is possible for one who believes.”
Mark 9:23
