FEATURED: Microlending Model Finding New Traction in First-World Economies

Tue, 2014-03-18 15:05
Grameen America is featured as a "textbook example" of microfinance in a recent article about the expansion of microlending in developed countries. Vera Chernova of 1776 writes: "As the U.S. comes out of the financial crisis, the need for micro-lending services is much greater than it may seem. The housing crisis damaged credit scores for many Americans, preventing them from getting a loan for the following seven years ... Yet, microfinance organizations that work in the U.S. offer entrepreneurs an alternative to formal banking." Read the full article here
Grameen America member in her clothing store

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