Can microfinance work in the U.S.?

When most people hear “microcredit” or “microfinance,” they think of efforts to addressing poverty in the developing world, as in the village banking model popularized by Grameen Bank in Bangladesh and others. The United Nations designated 2005 the International Year of Micro-credit, and Muhammad Yunus, founder of Grameen Bank, won the Nobel Peace Prize inContinue reading “Can microfinance work in the U.S.?”