Saturday, March 9, 2013

Grow Your Own Growth

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

Related Posts Plugin for WordPress, Blogger...