Making Microfinance Easier

Entrepreneurs in the developing world are starting or expanding businesses using small loans from individuals they're paired with online

For 15 years, Angel Asenov Isaev, a 29-year-old Gypsy living in Sliven, Bulgaria, worked in a bike repair shop in the center of town, struggling to save enough capital to start his own shop. About five months ago, Isaev applied for a $250 loan from a local microfinance institution (MFI) called REDC Bulgaria.

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