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That’s “microlending”?

May 29, 2009 | industry, personal finance | Comments (0)

This San Fran Chronicle story says:

Microfinance lenders like Opportunity Fund provide small loans along with business coaching to low-income entrepreneurs. With a median loan size of $5,000, the San Jose nonprofit claims to create or retain two jobs per business on average.

The average payday loan is $325.  Now that’s microlending!

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