Accion International comes to Chicago

While at the Harmony Festival, I got a recurring question:  "What about microloans for companies in the US?"

After all, there are many areas - which are struggling - that could use credit (even a small amount).

Actually, this is what Accion International is doing (this is according to a piece in the Daily Herald).  For example, in Chicago, the average microloan is about $7,668, with an interest rate of 12.5%.  Some of the borrowers include:  a printer, jewelry store, hair salon and janitorial service.  What's more, a large percentage of them are immigrants.

So, click here to check out the article in the Daily Herald.