Microcredit for Americans

Microcredit for Americans

New York Times

By SHAILA DEWAN

Published: October 28, 2013

http://www.nytimes.com/2013/10/29/business/microcredit-for-americans.html?pagewanted=1&pagewanted=all&utm_source=General+Database&utm_campaign=3eb82292d9-NY_Times_Exclusive_110_29_2013&utm_medium=email&utm_term=0_c4656e16a9-3eb82292d9-50745533&_r=0

Nuestra Casa

Presentation by Cecilia on 8th October 2013.

Nuestra Casa is a program run by CRG (Community Research Group) who offer micro - loans to residents of colonias for home improvements.

The study argues that colonias residents are credit-worthy, they can pay off a small loan from their salaries. Hence small loans do not have to be used only on income generating activities.

Nuestra Casa does not require collateral.
Number of 'lost' loans declined over the years.