“Recession ups US Demand for Third-World Type Loans”: International Herald Tribune

In 2007, microloans were provided to an estimated 154 million people worldwide, but only 13,000 of these loans were provided to entrepreneurs in the United States. However, the recent global financial crisis and tightening credit markets are increasing demand amongst the unemployed, underemployed and recent immigrants to the United States for these types of low interest loans most often identified with the developing world. A recent article published in the International Herald Tribune highlights this trend and the leading U.S. microcredit organizations seeking to increase the availability of microloans in this country.