How can microfinance help entrepeneurs?

Microfinance, sometimes called microcredit, means giving credit, savings, and general banking services to the millions of people who are unable to qualify for these services from a regular banking institution. Generally, this means a person lacking a certain amount of collateral – assets or money used to “secure” regular financing. Banking the “unbankable” is made possible with community-based approaches to lending because in general, banks…

Small business blog posts we liked this week

We wanted to share with you four articles and blog posts we came across recently that we hope will offer some small business inspiration or useful advice. Let us know in the comments if there’s something you read this week that you want to share! How to Think About A.I. Like a VC at Medium Lending Pioneer Kiva Hits The One Billion Mark And Launches A…

What is microfinance?

In this month’s GoForth Institute newsletter, we’re answering the question, what is microfinance? Basically, microfinance (also called microcredit or microlending) is a way of providing credit, savings and general banking services to  millions of entrepreneurs who may be lacking collateral or a good credit rating. Often, a person thinking of starting a small business just needs a bit of money to get started – to…