Capital Raise Blog Series - Vol 12 - What is Microlending?
RKJ Partners
AUGUST 6, 2017
The foundation for microlending in the United States was laid in 1977 through the passage of the Community Reinvestment Act (“CRA”), which first started the process of banks being rated by regulators based in part on their participation of funneling resources directly or indirectly (through nonprofit organizations) into low-income communities.
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