Microloan Update I

By Scot Herrick | Personal Finance

Jan 31

moseskwambaEarlier, I wrote about how I was starting to do microloans as a way of helping out others create their own business in Microloans Rock.

I had loaned dollars to Moses Kwamba, who’s smiling face graces this blog post in his tailoring shop, who is looking to expand his business based upon some new contracts.

I just received notification that his loan was disbursed, including my $50 portion, and is now in the hands of Moses.

Now, the entrepreneur part kicks in and Moses uses the loan for what it was designed, works the business, and starts to pay the loan back.

There is something to be said for going out there, hiring additional help, working the contracts to get more business, and continuing to grow. One has to admire Moses, working in a much tougher environment than us cubicle warriors.

Think about how you provide dollars to help others. Then consider a microloan.

Follow

About the Author

Scot Herrick is the author of “I’ve Landed My Dream Job–Now What???” and owner of Cube Rules, LLC. Scot has a long history of management and individual contribution in multiple Fortune 100 corporations.

>