This article is specific to small loans. For financial services to the poor, see Microfinance. For small payments, see Micropayment.Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment and a verifiable credit history. It is designed not only to support entrepreneurship and alleviate poverty, but also in many cases to empower women and uplift entire communities by extension. In many communities, women lack the highly stable employment histories that traditional lenders tend to require. Many are illiterate, and therefore unable to complete paperwork required to get conventional loans.
Posts about Micro-Lending
  • At Square, Growth is Good — At Least It Could Be

    …. Consider Square Capital, the company’s micro-lending service which Dorsey highlighted as an example of high-margin product in the interview with the Times. With access to the operational data of thousands of businesses, the company can identify strong targets and eliminate some of the costs implicit in small business lending. The basic idea…

    Steven Jacobs/ Street Fight- 6 readers -