Awesome new video: A cell phone tool to help micro-entrepreneurs get loans
[youtube=http://www.youtube.com/watch?v=j_E43zz3hnk&w=547&h=338]
http://www.youtube.com/watch?v=j_E43zz3hnk
In the developing world, would-be entrepreneurs are easily able to get microloans. But getting access to formal financial institutions -- the kind that give large-scale loans -- well, that’s much more difficult. Because 70% of those who start small businesses simply don’t have a financial identity.
TED Fellow Shivani Siroya has created a tool to help by allowing anyone with a cell phone to build a financial track record.
