January 20, 2012
Campus Based Micro-Loan Programs
I will round out my week with yet another blog about campus-based Social Innovation (or Social Entrepreneurship, or Community Empowerment, or plain old charity). Earlier this week, I mentioned my work with a Social Innovation Incubator on my college campus and the fact that student organizations were pitching their ventures to panels of older folks (of which I was one) who would decide which organizations would gain support. I did not mention that one of the organizations is involved in making micro-loans to low-income members of the surrounding community, particularly people who are homeless. Coincidentally, today the Chronicle of Higher Education reported that campus-based micro-loan programs are an increasing trend across the country. I suppose this means that our local group may be effective (there is plenty of evidence that they are) but they are not necessarily on the cutting edge of innovation.
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