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Students gain experience while financing entrepreneurs
When Larry Thomas couldn’t get a bank loan for his struggling construction business, he turned to Yale University students less than half his age.
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Elmseed Enterprise Program, which provides small loans and intensive technical support primarily to low-income and other disadvantaged entrepreneurs, is the first microfinancing program in the country run by college students, organizers say. It sparked a similar initiative last year by Harvard University students, while Georgetown students are planning a program in Washington, D.C., Rutgers in New Jersey, and others such as the University of Rochester in New York are considering starting programs.
Full Story: http://www.boston.com/news/education/higher/articles/2008/05/12/yale_students_launch_loan_program/
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