"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Recession Ups US Demand for Third World-Type Loans
Submitted by Christopher Lempa on Thu, 2009-02-19 17:00
in
?Sokoloff and Powell are among thousands of Americans using microcredit, a financing system originated in the Third World , to help open small businesses or get through rough spots. While the dollar amounts are much bigger in the U.S. than the tiny loans in developing countries ? some for less than $10 ? the principle is the same: a financial stake that lets people in need better their lives.?
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