Despite being based in one of America’s great centers of entrepreneurship (Silicon Valley), Amanda Keppert and her hot dog business, pictured above, needed the help of a tool more commonly associated with centers of third world poverty: microfinance. Ms. Keppert, as Kristina Shevory writes in a just published article, obtained a $6,500 loan through Kiva, which has lent more than $140 million in 53 countries.
Are microloans part of the answer to the small-business credit crisis?