People Loaning to People
by Healthy Wealthy nWise Microfinancing is loaning small amounts of money, but during the past few years these small loans have become big business. Until recently, Matt Flannery had never heard of the term microfinance, but it was something that would soon change the lives of people all over the world. He and his wife, Jessica, started Kiva to put poor people in touch with private lenders. Microfinancing was started by Muhammad Yunus. Yunus is a professor of economics in the poor country of
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Tags: Business, Economics, Finance, Loan, Money, UK