News

June 2011

Clinton Launches Micro-Lending Drive

With thousands of small businesses wiped out by the recession, former president Bill Clinton Wednesday launched a microlending initiative aimed at helping owners in the nation’s hardest hit regions stay afloat.

The move, dubbed Kiva City and announced at the Clinton Global Initiative America conference in Chicago, extends small-business lending strategies used to fight poverty in some of the world’s poorest nations to Detroit, Milwaukee, Pittsburgh and other big American cities.

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Clinton Launches Micro-Lending Drive