Small Business

9:48 am
Wed January 2, 2013

Microloans For Poor Arrive In Charlotte

Grameen Bank founder Muhammad Yunus won the Nobel Peace prize in 2006 for his “efforts to create economic and social development from below.”

Charlotte is a bank town – known for banks in the traditional sense – like Bank of America and Wells Fargo that offer checking accounts, credit cards and loans, if you can qualify. But in the last week, a very different kind of bank opened in Charlotte offering what's known as microloans to small businesspeople who couldn't qualify for a traditional one.

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