Profile of Microlender Grameen America

The WSJ shares how the non-profit provides micro loans to women entrepreneurs and shares some success stories; the model is largely based on reputation and a support system instead of credit history; loans start at $500 with interest rates around 18% which fall over time as the balance is paid; entrepreneurs can receive larger loans after establishing a track record of repayment. Source

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments