We were recently mentioned in a blog post from 1776 DC, a startup accelerator in Washington, DC. The post touched on how microfinance has become more mainstream in the last 30 years, how some have feared that the movement was losing touch with its original social impact mission, and how startups are changing things today. It is a great post – read it by clicking here. Here’s an excerpt from where we are mentioned:
“Over the last few years microfinance even entered the First World. KIVA ZIP allows someone to make direct loans to entrepreneurs in the USA. ACCION, which has over 30 years of microfinance experience in Latin America, Africa and Asia, now offers small loans for U.S. residents who have no credit history and to startups less than 6 months old. Bayou MicroFund, which was founded last year in Houston, specifically targets local micro-entrepreneurs and startups helping them receive interest-free loans.”
Thanks to Vera Chernova for including us in her great piece!