Microlending For Profit

Microlending is making waves. The 2006 Nobel Peace Prize went to Muhammad Yunus for work related to helping people find their way out of poverty with relatively small loans. A recent NPR Economy Podcast highlighted microlending, and how it isn't just for charities anymore -- some folks are even looking to make a profit while helping out. The fact is that money is hard to come by, and philanthropic dollars don't always end up going to microlenders. Listen to the story on microlending, complete with links to more details on how microfinance works.

Also covered in the podcast:

• Subprime/Risky Loans: How Negative Amortization Loans Work