Students Offer Microloans to Help Campus Neighborhood Start Small Business

Webmaster/ January 15, 2012/ Local Loans/ 0 comments

Yale University’s group, the Elmseed Enterprise Fund, is believed to have been the first; Brown and Rutgers Universities and Grinnell College have since developed particularly robust programs. The clubs, often established as nonprofits, have helped hundreds of university neighbors around the country start barbershops, bakeries, and hot-dog stands with modest loans, usually less than $5,000. Full Article at The Chronicle

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