Micro Lenders: A company or organization that offers small loans to businesses that are generally unable to obtain financing from a conventional source. Microlender loans often range from $5,000 to $25,000 at interest rates higher, but not always, than those charged by traditional commercial banks.
Micro loans first started in underdeveloped countries to help the poor become entrepreneurs. The loans were generally small. Today this has all changed. Micro loans are now available throughout the United States and one of their principle groups is women! Because women have had…
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