Four years after I wrote about the need to Grow Your Own Bank, finally an Irish crowd funding operation has been launched. It's called Linked Finance and it brings to Ireland a much needed micro-lending service for SMEs and entrepreneurs.
Or should I say brings the service back to Ireland? Apparently Jonathan Swift invented micro-lending in the 1700s as a way of supporting low income, rural Irish families. Plus ca change...
I've been a supporter of Kiva these past few years, and Linked Finance looks like going the next step and turning it into a domestic lending operation. I wish them every success.
No comments:
Post a Comment