Did you know that the word loan comes from Old English lǣn, meaning a gift, entrusted for temporary use? It wasn’t about money—it was about helping each other and trusting that support would be returned over time.
Let me say that one more time – it’s important.
Traditionally, a loan meant receiving help (like farming support) and repaying by helping others later—built on trust and reciprocity, not money.
In early societies:
✅ Land, labor, and tools were shared—not for profit, but because helping each other made the whole community stronger.
✅ Repayment wasn’t in money, but in future contributions—you might borrow grain during a tough season and return it or something of equal value after harvest.
✅ Reputation was your collateral—if you were known to help others, you could always access what you needed.
This system is exactly how Mweria worked in Kenya and still does—neighbors took turns helping on each other’s farms, with the understanding that help would be returned when needed. No money—just trust.
Before “loans” became tools of financial debt and interest, they were something much deeper: a community-driven way to share resources, based on trust, reputation, and reciprocity.
Modern banks have turned lending into a game of profit and control, where only those with financial collateral can access resources. But throughout history—before money even existed—people built entire economies on trust and mutual aid. This is how Mweria (an example of rotating labor in African societies), Waqf (Islamic endowments), and many forms of indigenous trade systems all worked.
Today, these ancient time-tested concepts are making a comeback—through commitment pooling, a digital version of the same resource-sharing networks that once supported communities for generations.
A Familiar Story – How Loans Were Taken Over by Money
Before loans became tied to money and debt, they were about trust, reciprocity, and shared commitments—much like Mweria in Kenya, Waqf in Islamic finance, and labor-sharing traditions worldwide.
Here’s how the shift happened:
🔹 Pre-Monetary Lending (Ancient Societies – 1000s CE) – Loans were social commitments, not money-based. Communities shared land, labor, food, and tools, trusting that help would be returned over time. Reputation, not financial collateral, determined access to resources.
🔹 Feudalism (1000s-1500s) – Land was “loaned” in exchange for military service or labor, but this introduced collateral-based debt, meaning failure to repay resulted in loss of land, starting the shift toward enforced financial obligation.
🔹 Colonial Banking (1500s-1900s) – European banks and colonial powers monetized lending, charging interest and forcing indigenous systems like Mweria, ROSCAs, and communal WAQF endowments into cash-based economies, removing trust-based resource sharing.
🔹 The Fall of Indigenous Lending Systems (1800s-1900s) – Traditional commitment pools were co-opted or outlawed, pushing communities into dependence on central banking and money-driven credit systems.
🔹 Modern Credit Scores (1900s-Present) – Instead of being valued for contributions to their community, people are now judged by a credit score—a number that defines financial access while stripping away the human connection that once underpinned loans.
The Shift: From Trust to Control and Back
The result? Instead of people supporting each other, we became dependent on banks and financial gatekeepers to decide who “deserves” access to resources.
Today, if you need a loan, the bank owns you. If you miss a payment, they take your home, your car, your future. But what if we didn’t need banks at all?
What if we had the tools to reclaim the original meaning on loan?
Today, through commitment pooling and decentralized ledgers, we have a chance to return to an economy of trust, reputation, and shared prosperity—one that works for people, not against them.
The Return of Trust-Based Multi-Party Lending
How It Works
Here’s how it works:
Mary, a student at Lukenya University who runs a small shop, was about to miss her exams because she couldn’t afford tuition. Instead of turning to a bank, she tapped into the commitment pool…
1️⃣ Mary needs school fees → She creates a voucher as a promise to provide goods at her local shop in the future.
2️⃣ The university accepts Mary’s vouchers → Mary receives a loan: Based on her reputation, the university exchanges her vouchers (held as collateral) for University Tuition Vouchers, which she uses to pay her fees.
3️⃣ The university then uses Mary’s vouchers → They pay a carpenter for fixing desks.
4️⃣ The carpenter uses Mary’s vouchers → He trades them at the local shop for food and supplies.
5️⃣ Mary’s debt is cleared → The shopkeeper redeems her original promise (voucher), meaning Mary has fully repaid her loan—not with money, but by fulfilling her commitment!
💡 Value keeps flowing—not through money, but through commitments and exchange!
What Makes Commitment Pooling Revolutionary?
✅ No More Interest Bearing Bank Debt – Instead of borrowing from a lender, people exchange commitments through common pools.
✅ Reputation-Based Access – Just like in early societies, trust is built through participation and contribution.
✅ Beyond One Currency – Unlike money, commitment pools let you trade different types of value— money, tuition, labor, goods, and services—all in one system.
✅ Multilateral Clearing – Instead of one person owing another, commitments can flow between many people, making repayment easier and more flexible.
✅ A Network of Networks – Pools can link together, creating regional and global financial systems that don’t rely on banks.
This Is How Nature Works, Too! 🌱
🍄 Mycorrhizal Fungi Networks – Trees and plants share nutrients underground, helping weaker trees and balancing the ecosystem.
🌍 Waqf (Islamic Endowments) – Instead of depleting resources, Waqf funds keep wealth circulating for community benefit.
🤝 Mweria (Rotating Labor) – Instead of hoarding money, people share labor in cycles, ensuring everyone gets support.
Commitment pooling together with decentralized ledgers take these ancient, natural systems and upgrades them with modern technology – bypassing centralization and extraction.
I’ts not an either-or situation (money or trust). Commitment pooling restores trust in finance—if currencies like the dollar were backed by real commitments and reciprocal value exchange, they could be stronger and more trusted.
Reputation as the Original Credit System
⭐ Reputation built over time – People gained trust by fulfilling past commitments.
🔑 Access to resources depended on reputation – Not on money, but on how much you contributed to the community.
🔁 Reciprocity kept the cycle going – No one was left behind, because help was always returned over time.
💡 This is exactly what commitment pools are bringing back.
Instead of banks deciding who gets a loan, your history of participation in the pool determines access—just like in early societies.
Rebuilding Trust-Based Economies
What if:
✅ Loans weren’t about profit from interest, but about reciprocity?
✅ People could trade commitments freely, without cash?
✅ Reputation replaced credit scores?
This is not a dream. It’s happening right now.
Join the Pollination Rebellion
Join us and reclaim the true meaning of lending!
🚀 Be part of it!
📖 Learn more: Grassroots Economics book (free)
🌍 Get involved: LUSOBE Commitment Pool
🤝 Start your own: commitment pool on Sarafu.Network.
It’s time to reclaim lending as a system for people.
Let’s build economies based on trust, reciprocity, and abundance. 🌱✨
