Microfinance USA Conference Blog

Weekly Microfinance News & Announcements 3/9/2012

Posted: 2012-03-09 @ 6:00 AM EST

Delays Shave $2 Billion From Loan Program That Would Benefit Small Business

by Catherine Clifford, Entrepreneur The delays in getting the CDFI program off the ground come on the heels of another Treasury-administered program, the $30 billion Small Business Lending Fund, which was widely considered a failure. Once touted by the Obama Administration as a way to …

Too Small to Bail?

by Robert Kuttner, The American Prospect The good news is they’re making more small-business loans; the bad news I’m hearing from smaller banks is that the big banks are in there cannibalizing their best customers. Given all the money that was poured into the big banks via the Troubled Asset …

Bad Girl Entrepreneur Candace Klein Launches SoMoLend

by MarketWatch (press release) SoMo’s software is designed to use the Web to match borrowers with lenders, connecting business borrowers seeking loans of $35000 or less with investors looking to make a return on investment. It is designed to serves mall businesses that don’t have …

The Rise and Decline of Indian Microcredit | David Roodman’s Microfinance Open Book Blog

by David Roodman (blog) Here are two graphs of data from the Mix Market showing the rise and decline of microcredit in Indiaor at least in Andhra Pradesh It is SKS that exhibits …

CEOs Say Change Volcker Rule, Other Pending Fed Regulations

by Eric Morath, Wall Street Journal (blog) A group of chief executives on Wednesday called for major changes in Washington, including modifying parts of the Dodd-Frank financial overhaul bill and balancing the federal budget. Such action will spark job creation and economic …

MICROCAPITAL BRIEF: Grameen America to Open Additional Branches in California Michigan and Nebraska

by Brendan Millan, MicroCapital Muhammad Yunus, founder of Grameen Bank of Bangladesh, has reportedly announced that Grameen America, a nonprofit microfinance institution (MFI) based in the US state of New York City, will open additional branches in California, Michigan and Nebraska …