Dear Karen: I recently graduated from USC, where I started the first chapter of a microfinance organization on campus. Are there other microfinance organizations in Los Angeles?
Answer: Microenterprise development aims to provide financial services to the poor. Microfinance, a frequent component of microenterprise development, involves lending small amounts to entrepreneurs who probably would not qualify for conventional loans.
There are seven professional microfinance organizations operating in Los Angeles, including CHARO Community Development Corp. and the Pacific Asian Consortium in Employment.
Contact information for all seven programs is available through Microenterprise Fund for Innovation, Effectiveness, Learning and Dissemination, a nonprofit that tracks the nearly 700 microenterprise development programs in the United States, at http://fieldus.org. Hover over "publications" and then click "microenterprise program directory" to search for programs by state.