Lending Methodology Module

The practice of microlending is not new.  Credit cooperatives and charities making loans to young entrepreneurs have been documented from 18th century Europe.[1]  A notable example is the fund created by 18th century novelist Jonathan Swift.  Swift donated £500 of his own wealth for lending to “poor industrius tradesmen in small sums of five, and ten pounds, to be repaid weekly, at two or four shillings, without interest.”[2]