Monday, December 11, 2006

New Line on Credit -

New Line on Credit - "New Line on Credit
Popularized in the Developing World, Microloans Help Finance Budding Businesses

By Krissah Williams
Washington Post Staff Writer
Monday, December 11, 2006; Page D01

Awoman in a rural South Asian village receives a loan of about $250 to buy a dairy cow. She milks the cow, sells the milk and improves her standard of living while repaying the loan. In much of the world, this is microfinance.

In the United States, microfinance is an entirely different animal. An aspiring entrepreneur typically needs thousands, not hundreds, of dollars to build a business that has a chance of turning a profit."

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