Thanks for posting this kind of secure business lo...

2009-11-13T06:40:31.536-08:00

Thanks for posting this kind of secure business loan are very helpful for growing business where your basic need to invest capital to grow your business.
unsecured business loans

MaryAnn, Thank you so much for your input regardi...

2009-08-10T09:11:32.588-07:00

MaryAnn,

Thank you so much for your input regarding Kiva’s new domestic microlending program. Working for ACCION USA, one of the two Kiva field partners operating in the States, it’s wonderful to notice people writing about domestic microfinance. Unfortunately, Kiva has been receiving a lot of flak lately for their decision to begin facilitating loans to local entrepreneurs. Too often, this criticism stems from a misunderstanding of domestic microfinance—its mission and its mechanisms. AUSA believes passionately in the value of small business and accessible credit, having offered domestic microloans now for over a decade. With the ability to enrich communities, empower individuals, and increase economic opportunities, small businesses constitute a vital sector of our economy. Our partnership with Kiva has been exciting. Not only has it attracted new applicants and buoyed interest, but it has spawned a meaningful debate about the purpose and applications of microfinance.

One common criticism of Kiva US lending program is that it will draw funds away from needier foreign borrowers. Yet a recent report from Kiva indicates that lending has ballooned since they announced the support of domestic loans on their platform. Such loans do not take place at the expense of foreign borrowers. Moreover, by permitting loans to US microentrepreneurs, Kiva has allowed AUSA to provide access to credit for many poorer individuals who would have otherwise been without financial resources. Granted, these people might have higher incomes than “competing borrowers” in the Third World. But, as Kiva wisely acknowledges, poverty is relative, and income deprivation is only one component.

If you’re curious about the specifics of Kiva’s domestic lending program and the rationale behind it, please visit their blog. To learn more about ACCION USA’s operations, I’d encourage you to check out some of our resources online. In addition, you should feel free to follow our blog or our twitter account (@ACCION_USA)!

I recently came accross your blog and have been re...

2009-07-29T00:57:52.856-07:00

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Sara

http://smallbusinessgrant.info

Comments on Business Plan Master: Minority Business Loans -- From Kiva to the US

Thanks for posting this kind of secure business lo...

MaryAnn, Thank you so much for your input regardi...

I recently came accross your blog and have been re...