Can tapping into the informal economy improve the lives of the urban poor?
January 18, 2010
Author: Kai Wright
Publication Date: January 28, 2010
"Loretta Harrison is a born hustler. "I been making and selling things since I was about 8 years old," says the 45-year-old, unemployed mom. She buys wholesale in Manhattan -- balloons, socks, scarves, you name it -- then loads up a pushcart and sells at retail prices on the streets of Jamaica, Queens...ACCION USA is the nation's largest microlender and, according to spokesperson Laura Kozien, "for every microloan that ACCION approves, 2.7 jobs are created in low- to moderate-income neighborhoods."..."
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