Microloans for Women in India

Tree years years ago family entrepreneur, Glen West, started department store, West Brothers No. 2, in Ahmednagar, India.  He did not start the business to exploit cheap labor, or to grow his own fortune, but to generate money for his ministry that helps women in India start their own businesses.

"The ministry is a microcredit center," West said. "We give $300 loans interest-free to women in poverty so they can start their own businesses and make a profit that will give them a good home."

Through a team of volunteer business coaches in India, West helps women start and grow their own businesses.  Since 2005, the India-based microcredit center has had more than 100 women graduate from the program.

Related Articles:

• What Are Microloans?
• How the SBA Helps Women in Business
• SBA Funding Options for Women Business Owners
• FAQs About Micro Loans - What Are Micro Loans? Terms of Micro Loans

_{Source:  Dallas Morning News.  November 8, 2009.}