A Microlending model that opened our eyes

Posted by Rowland on April 2 at 10:39 AM Simply, MCE has a surprisingly refreshing approach:

1.      Innovative Business Model:  MCE leverages private capital and
guarantees as security for loans to finance micro-business. This comes
from individuals who pledge to guarantee a loan, not give money
directly. One guarantee equals 5,000 microloans.  Download the PDF on
accomplishments to date, here.

2.      3% overhead: Run by senior executives on a pro bono basis, MCE has
a 3% overhead ensuring that money is going into loans, not into
administration and management.

3.      Open Source: The finances, copyrights and other knowledge are
posted directly on the website. This sets a new standard for
microlending which the industry can follow. See this information,
here.

More to come on MCE, for now, everyone at DMD is buzzing about this
inspirational group. Topics: advertising, branding, design, financial services, interactive, philanthropy, public relations        SHARE: