Microfinancing Your Favorite Things With The Hoop Fund

Patrick Donohue, The Hoop Fund CEO

The idea of microlending or microfinancing has been around for awhile now. Kiva is one of the better known companies that allows people to make small loans to impoverished areas to help turn them around. A company called The Hoop Fund is focusing that concept on microlending to people who make products you like such as chocolate, coffee or sweaters. We caught up with Hoop Fund CEO Pat Donohue at SOCAP 2010 and asked him to explain how it all works.

Related Links:
Social Capital:Doing Good And Making Money

Michael McIntee

Michael McIntee is a former network TV news executive with more than 30 years of broadcasting experience. He began his broadcasting career at the University of Minnesota's student radio station. He is an expert producer, writer, video editor who has a fondness for new technology but denies that he is a geek. More about Michael McIntee »

Comments are closed.