SAMOA: Website puts personal faces on microcredit loans

Updated September 20, 2007 16:27:14

A new internet-based microcredit scheme is being hailed as an alternative source of funds for people in developing countries who need small business loans. The website kiva dot org allows individuals to make small interest free loans, typically 25 dollars, to people who want to expand their businesses and trade their way out of poverty.

Presenter: Bruce Hill
Speakers: Elrico Muņoz, General Manager Samoa-based South Pacific Business Development Foundation,