As the saying goes, it takes money to make money. But where does that leave the four billion people around the world who live below the poverty line?
A Virginia Tech Professor is tackling that problem from a new perspective.
Most people have heard the term ‘micro finance.’ Cooperatives lend small amounts of money to entrepreneurs and small businesses. The concept began in developing nations to help women start their own businesses. Experts say poor people who receive these loans repay them at the astounding rate 99.7%.