Mini Loans Are Giving Immigrant Entrepreneurs Hope For Bigger Things

Mini Loans Becoming Increasingly Popular Form Of Small Business Lending
NEW YORK, NY - SEPTEMBER 04: A taxi driver pauses in his vehicle on September 4, 2012 in New York City. As of Tuesday, yellow taxis may begin charging more following an approved fare increase for riders. Taxi rates have remained virtually unchanged since 2006 and will now rise by an expected 17 percent. (Photo by Spencer Platt/Getty Images)
NEW YORK, NY - SEPTEMBER 04: A taxi driver pauses in his vehicle on September 4, 2012 in New York City. As of Tuesday, yellow taxis may begin charging more following an approved fare increase for riders. Taxi rates have remained virtually unchanged since 2006 and will now rise by an expected 17 percent. (Photo by Spencer Platt/Getty Images)

Microlending is well-established in developing countries like Bangladesh and Mexico. It also is growing in the U.S., the world's largest economy and home to the globe's most sophisticated financial system.

Popular in the Community

Close

What's Hot