Micro Lending « Lend Me Money

Microlenders, Honored With Nobel, Are Struggling

Microcredit was once extolled by world leaders like Bill Clinton and Tony Blair as a powerful tool that could help eliminate poverty, through loans as small as $50 to cowherds, basket weavers and other poor people for starting or expanding businesses. But now microloans have met with political hostility in Bangladesh, India, Nicaragua and other [...]

Microfinance: Little loans, big trouble

Microfinance was supposed to mean economic empowerment for the poorest of the poor, many of them female villagers living in India’s southeastern state of Andhra Pradesh. Instead, the sector has spiralled into crisis in recent weeks, where the state is blaming 57 recent suicides on aggressive loan collectors. Television clips show weeping family members gathered [...]

Microcredit success stories don’t add up to much without proof

It’s easy for any lender to count the money loaned out, the number of borrowers, the repayment rate and so on.

But there’s a harder-to-measure question facing microlenders around the world. Their mandate isn’t simply to lend money and make sure repayments come in on time. It is also — and more importantly — to [...]

CommunityLend Expands into British Columbia

The New Peer-to-Peer Lending service CommunityLend has announced today that it is entering the BC market. The new Peer-to-Peer Lending service helps borrowers to get better rates by cutting out the “middleman” in Canada’s multi-billion dollar personal lending market. I have pasted the press release below. Enjoy!

Toronto, ON – September 1, 2010: Canadian Internet [...]

FirstOntario’s micro-loan plan encourages small-business ideas

Having a great idea is the easy part of starting a business.

Finding the money — sometimes only a couple of thousand dollars — is the hurdle that trips most would-be entrepreneurs.

That’s a problem a new initiative from Hamilton-based FirstOntario Credit Union will try to solve with a new lending program.

Called micro-loans, the [...]

Toronto credit union offering mirco-loans for business

As more people in Canada access microcredit to start and expand businesses, the economic and social benefits are growing. The Globe and Mail wrote a story on Pangiotis Tsiriotakis an entrepreneur who took advantage of the nmicroloans that Alterna Credit Union was offering.

Micro loans to skilled immigrants for professional accreditation

A report entitled The Social Rate of Return to Investing in Character: An Economic Evaluation of Immigrant Access Fund Micro Loan Program, indicates the IAF loan program directly benefits Alberta society by providing annual real rates of return of 33 per cent or more. It also states that there are likely more than 1,500 immigrants [...]

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