Wednesday, March 3, 2010

MICROCREDIT, and me ..

The Globe and Mail had a great article written by Anna Paperny today on ' MICROCREDIT ' - I have been hearing about this term for a couple of years now, a lot of times the term seems to be used in connection with third world countries . The premise is very simple, and unbelievably, seems to be a powerful winner . It is simply the process of providing small , ( very small ) loans to small business owners and underprivileged people who utilize the loans to become self sufficient in a small business . The great news is that it's not some community bank or something like that, but its ROYAL BANK OF CANADA - RBC , behind the program in Toronto's ' tough' Regent Park area.

I continually write about small business financing, but this is ' small ' at it's best .

Stan

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