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The GOOD 100: Microfinance Comes to America
Microlending, U.S.A.
America is waking up to the power of “micro.” Twitter introduced us to microblogs. President Obama’s campaign demonstrated the collective force of microdonors. And then there’s microlending—using loans as small as $20 to lift would-be entrepreneurs out of poverty. It has been around in the United States for decades, but never really taken off. Now might be the time. After the rousing overseas success of microlenders like the Grameen Bank and Kiva, several giants of international microfinance are…
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The GOOD 100: Microfinance Comes to America
Microlending, U.S.A.
America is waking up to the power of “micro.” Twitter introduced us to microblogs. President Obama’s campaign demonstrated the collective force of microdonors. And then there’s microlending—using loans as small as $20 to lift would-be entrepreneurs out of poverty. It has been around in the United States for decades, but never really taken off. Now might be the time. After the rousing overseas success of microlenders like the Grameen Bank and Kiva, several giants of international microfinance are…
Read & Discuss
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