Microfinance working in Developed Economies
I tweeted recently about an article by Bruce De Boskey who is a prominent US philanthropist, business strategist and consultant with numerous significant positions in the business and academic world who is dedicated to community building and social change. In this article, he summarized the success of not-for-profit microfinance organisations in America, which is very relevant and encouraging to Purple Shoots, seeking to follow a similar model in Wales. Microfinance in developing countries, where it has its roots, has been relatively well researched and documented – we hear less about its success in developed world economies.
The article starts with statistics...