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“MicroCredit Enterprises’ guarantor model enables me to use my assets to help some of the poorest people in the world—while retaining and managing my portfolio,” Gregory S. Ledford, Managing Director of the Carlyle Group said. “I am fortunate to be a part of this unique group of individuals, whose generosity reaches so many people with such impact.”
Typically, microcredit is seen as a small-scale endeavor but this model gets capital from high net work people, suggesting a new frontier in how microcredit is being conceived of and furthermore, what loaning means in an ethical sense.
MicroCredit is based in San Francisco, California and currently works in 21 countries around the world. At the moment, its CEO is Gary Ford.