Colorado Microfinance

Promoting Enterprise Solutions

Industry News Update

Industry Update

 It’s been a while since the last update….and there’s been a bunch of news!

 Starbucks Says 3-Month Old Loan Fund Is Already Creating Jobs

By Alan Kline, American Banker
Schultz said in the letter that Starbucks expects to introduce more corporate partners over the next couple months as it aims to grow the fund to a point where it will have made loans in all 50 states by the end of this year. He also asked for Geithner’s help in identifying more partners so that more CDFIs could participate in the program.

 A Conversation With: Muhammad Yunus

By Neha Thirani, New York Times (blog)

Muhammad Yunus, the economist who founded Bangladesh’s Grameen Bank, visited Mumbai recently where he spoke to India Ink about his vision of “social businesses,” his forced departure from Grameen and the recent controversies that have dogged micro-finance in India and elsewhere.

 Create Jobs for USA: A Progress Report

By Joe Nocera, The New York Times

This morning we received a Create Jobs for USA progress report. To date, we have raised more than $7 million in donations, thereby directly supporting $50 million in new financing for community businesses across America…

Fed: Small Business Loan Demand Grew in 2011

By Citiwide Merchant Funding

FED: Demand for Small Business Loans Grows in 2011 According to the Federal Reserve the number of businesses seeking a small business loan jumped in …

 Samuel Adams makers aid local brewers

By Rochester Democrat and Chronicle

The program include loans through ACCION, an organization that provides loans to small businesses around the world. Splinelli and Mervine received a $10000 loan from the program and an invitation from Boston Brewing to spend time learning and

 Entrepreneurs flock to microlenders for financial assistance

By Megan Kamerick, New Mexico Business Weekly

So she turned to ACCIÓN New Mexico • Arizona • Colorado after hearing about the nonprofit microlender during her e200 training program with the US Small …

 Starbucks Is Into Them. But What Exactly Are CDFIs?

By Catherine Clifford, Entrepreneur

Starbuck’s Create Jobs for USA Fund launched Nov. 1, 2011 and has thus far raised $7 million for CDFIs, which are lenders that help small-business owners in underserved communities gain access to capital…..

 Ask an Expert: Strapped entrepreneurs can go microloan route

By Steve Strauss, USA TODAY

ACCION is a great group and a significant microlender. Their own website puts it best: “ACCION USA is different from a bank or credit union….

 Kiva’s Secret Project To Let You Give Peer-To-Peer Loans

By SOCAP Blog

But many lenders assumed–not surprisingly, given Kiva’s marketing and web design–that the smiling face on the other end of the PayPal transaction got the exact cash they lent out. A minor kerfuffle ensued in 2009 when a blogger broadcast

 Obama to Elevate SBA Chief

By Emily Maltby, The Wall Street Journal

President Barack Obama said Friday that he will exercise his executive authority to elevate the head of the U.S. Small Business Administration to a cabinet-level position.

 2012: The Year Of The Entrepreneur?

By Scott Gerber, TIME

Even in the developing world, entrepreneurship has emerged as a driving force behind the eradication of poverty thanks to Kiva and other micro-loan financiers. Whereas a traditional office or retail space was a necessity less than a decade ago, today,

 Small Signs That Small Business Lending Is Up

By Angus Loten, Wall Street Journal

A study by Pepperdine University found that more than 60% of small-business loan applications last year were denied. According to the National Federation of Independent Business, a Washington, DC-based small business lobby group, most small-business

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