Capital Raise Blog Series - Vol 12 - What is Microlending?
RKJ Partners
AUGUST 6, 2017
Microlending was specifically earmarked in the 2009 economic stimulus bill which granted $54 million to the Small Business Administration (SBA) for lending and technical assistance to microlending groups. Today, virtually all microlenders in America are organized as non-profit organizations and serve as local intermediaries for federal funds.
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