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SHARE Microcredit Program – Schumacher Center For Brand Spanking New Economics
During its eleven years of operation, SHARE collateralized 23 loans with a 100% charge of repayment – surprising the bankers, however not the SHARE depositors who knew the neighborhood businesses they supported. SHARE ended when the banks within the region, motivated by the Community Reinvestment Act (CRA) began making loans to small community-based mostly companies […]