No.95 so we're seeing positive outcomes
all these type of local lending circles
that drive our local economies
and and without them we don't i just
don't know how
we people will be able to
get the capital cut that they need to
start a new business or
or pay for whatever household needs
without
relying on predatory lenders online
lenders
and other companies that charge
ridiculous interest rates and put
people in a lifetime of 'A' and that is
not
the direction you want to go

reporter:
the unbanked are more likely to be
low-income
less educated or belong to a racial or
ethnic minority group
that can be an odd advantage when
conventional banks fail

governor:
there's a lot of stereotyping going on
among about asian americans but when you
really
study what happened you understand to
understand
why we were resilient during those times
of economic distress
when everything was failing we had our
own banking system we were cash heavy
when when real estate became 'B' all
of a sudden we saw people
coming out with cash from nowhere and
buying up buildings and buying up houses
because they realized everything is
cheaper and now they have cash interest
rate is like
zero and that's when they start
investing so
so we almost without knowing unknowingly
because of our own counter cultural
resilience towards economics
hacked the system uh by accident um
during these type of this these moments
but instead of
just writing it off saying as oh these
are hard-working workers and they're
entrepreneurs we should really study the
culture
and the models that they adopted during
those times of distress
and try to scale that up and learn and
adopt some of those models

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