By: Ylan Mui, Washington Post, March 8, 2010
Microlending first became popular as a form of foreign investment in poor, emerging markets. The trend has been slower to take off in the United States, especially because many consumers have access to credit cards and because lending requirements were lax.
But tightened underwriting standards have pushed many consumers out of the traditional banking system and sent them hunting for alternatives.
Read more here: http://www.washingtonpost.com/wp-dyn/content/article/2010/03/07/AR2010030702518.html?wpisrc=nl_headline
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