When the financial markets collapsed and small business lending froze, one set of heroes of the day was the nation’s microlenders. In response, the American Recovery and Reinvestment Act included enough money to support $50 million in microloans, an unprecedented infusion of funding for the federal government. Unfortunately, microfinance organizations recently seem to be facing [...]
One of the most stark differences between the outgoing Bush Administration and the incoming Obama Administration was undoubtedly their respective policies toward domestic microfinance. After spending several years trying to get rid of the SBA’s Microloan program by zeroing out its funding, Bush finally resigned himself to the inevitable but continued to look for something [...]
The recent financial markets crisis turned out to be an unexpected boon for microfinance in the United States, for the simple reason that microenterprise development organizations (MDOs) were still lending while banks were still lacking liquidity or hampered by nervous regulators. However, while the added attention to microlending has been a very good thing for [...]
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from The Journal Blog