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Trust, Not Peer Pressure: Adapting the Global Microfinance Model for the U.S.
After years of working with global MFIs at Whole Foods’ Whole Planet Foundation, Steve Wanta saw that the group lending model that helped microentrepreneurs abroad could also work for Hispanic female entrepreneurs in Texas. But he also realized that the traditional microfinance model could function better with a few twists. In this Q&A with NextBillion, Wanta discusses the lessons he's learned leading the nonprofit JUST, which is adapting the microfinance model for the U.S. market.
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