Capital Raise Blog Series - Vol 12 - What is Microlending?
RKJ Partners
AUGUST 6, 2017
In 1999, federal funding for microlending programs increased through the passing of the Program for Investment in Microentrepreneurs (“PRIME”) Act; however, during the Bush administration era from 2001 to 2005, federal funding for microfinance was cut drastically. By 2002, there were 650 separate organizations in microfinance. million to 25.4
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