Interest-free loans will be made available to a group of low-income families, who will then be tasked to hold each other accountable to repay the money. This community lending project is one of several social experiments which the Institute of Policy Studies’ new Policy Lab will conduct next year. The goal is to find out how best to help needy families manage debt and income disparity. Funding for the project will come from a S$2.94 million donation from Ngee Ann Kongsi.
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