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Microloans meeting credit needs for entrepreneurs
Aug 9th 2012, 01:51

LAURA WIDES-MUNOZ Associated Press= MIAMI (AP) — Do an Internet search for microcredit, and images of colorfully dressed women in Africa, South Asia and Central America pop up. But the international trend that began more than three decades ago in Bangladesh is increasingly finding a home in the United States. In cities like Miami, New York, Houston and Los Angeles, a small but growing group of mostly immigrant and minority entrepreneurs are turning to microfinancing. These loans, generally provided by nonprofit groups, can serve as stepping stones to more traditional sources of credit and are often the difference between success and failure for small business owners who may have nowhere else...

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