NorCalUrban

Goal of Micro-enterprise: Offer small loans to people so they can increase their income and promote self employment. Theme: Development of ME development in the US Goals: expand opportunities and community economic development more flexible terms than banks In US credit is only one part education and training are important part improves survival rate / credit repayment laws are regulations are significant here, more so than the informal setting outside of the US There are alternative sources for credit in US Lending is not essential to the broader mission of starting businesses Huge benefit to families and communities Small business = less than 500 employees. Micro business= less than 5 ME programs are about more than the extension of credit... mentoring / networking / training / sales programs / connections to banks, colleges... Offers borrowers technical support thereby helping sucess rates. Can ME programs become self sustaining? Income from check cashing and remittances Reduced...