Calmeadow experimented with lending in Toronto. Throughout the experiment’s various stages, we have discovered very pragmatic reasons to believe that stand-alone minimalist funds in developed countries are very unlikely to become sustainable without perpetual subsidization.
The following report details our findings. We think you will find it an interesting chronicle of our domestic microlending experiences, as well as a valuable source of insight into what Calmeadow found effective and ineffective in meeting the financial needs of micro-entrepreneurs in a developed economy. We highly recommend the document to anyone interested in supporting microfinance or community economic development in a developed country.
This final report was prepared by independent consultant Cheryl Frankiewicz.
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