While the theories behind microfinance services have been around for centuries, as a practice, it was only seriously institutionalized beginning in 1976, thanks mostly to the work of the Bangladeshi-American economist Muhamed Yunus. Though there was significant initial resistance to the idea, major institutions such as the United Nations, World Bank, and International Monetary … [Read more...] about 4 Reasons Why Microfinance Could Be Key to Unlocking Further Growth for Your Retail Bank
Microfinancing
Microloans: A Way to Finance Your Small Business
If you are looking for a little cash to jump-start or expand your business – and rich Auntie Lorie has already closed her doors on you – then you might want to look into a microloan program. The Small Business Administration (SBA) introduced its Microloan Program in 1992 to provide for startup or growing small businesses. Under the program, qualified borrowers may be … [Read more...] about Microloans: A Way to Finance Your Small Business
Microlenders Microfinancing: An Alternative Source of Capital for Your Business
Venture capital is the buzz word most entrepreneurs utter today but many have forgotten about a special group that cater to those Venture Capitalist and Angel Investors overlook. They are Micro-lenders and they very well still exist and are lending strong. Many commercial banks will not make commercial loans under $50,000. Nor are they willing to take the risk of investing in … [Read more...] about Microlenders Microfinancing: An Alternative Source of Capital for Your Business