Posts Tagged ‘SBA’

Weekly Microfinance News & Announcements 2/17/2012

posted: 2012-02-17 @ 9:42 am EST

Obama’s SBA Budget: Doing Less With More

By Robb Mandelbaum, New York Times Microloan counseling would not fare as badly, but other programs that serve the most disadvantaged small businesses, like HubZones and outreach to Native …

Social entrepreneurs use startups to change the world

By VentureBeat With 50000 visitors to its website per day (higher than any other nonprofit with the exception of Wikipedia), Kiva is often cited as the premier success story in this space. Kiva’s President, Premel Shah, recently recognized as a young global leader by …

Who Needs to be Educated for Us to Achieve Financial Inclusion?

By Center for Financial Inclusion Maybe the first focus of financial education should not be at the client level. Maybe the appropriate starting point is for those of us employed by the microfinance industry to better understand our clients’ financial needs, capabilities, and aspirations.

Could Google Wallet be Google’s next failure?

By Marguerite Reardon, CNET (blog) On Friday, Google temporarily disabled the ability to set up new prepaid cards in its Google Wallet app after it was discovered that if someone lost his Google Wallet-enabled phone and the screen of the device wasn’t locked that someone finding the …

Starbucks’s Schultz to Expand Jobs Fund After Raising $2 Million

By Leslie Patton, Bloomberg Businessweek Josh Davis cofounder of Gelato Fiasco Inc in Brunswick Maine received a $140000 loan from Coastal Enterprises Inc through Create Jobs for USA to open a …

Kabbage Crunches UPS Shipping Data to Approve Small Business Loans

By Penny Crosman, American Banker “If you have a FICO score below 720, banks won’t look at you for a small business loan,” says Kathryn Petralia, co-founder and COO of Kabbage, a provider of working capital to small online merchants. “It’s horrible, perverted logic because small …

The Lessons of Microfinance History

By David Roodman, CGAP The chapter would tell stories, such as how Yunus came to devise his form of microcredit, how John Hatch came to village banking. And it would show statistics—how many borrowers and savers there are, in what countries they can be found.

Microfinance in Bangladesh: It’s Not What You Thought

By Elizabeth Rhyne, Huffington Post (blog) The model of microfinance in Bangladesh, as it originated at Grameen Bank, involved tiny loans to women with fixed terms and amounts, group liability, weekly meetings, forced payments into a group savings account, and a set of 16 social pledges chanted …