Davis, CA –MicroCredit Enterprises today announced the beginning of operations and named Ed Michael Reggie to the Board of Directors.
Mr. Reggie serves as Managing Director of Future Factory, a private equity development firm with offices in New Orleans and Atlanta.
MicroCredit Enterprises is a nonprofit, anti-poverty venture which leverages private capital to make small business loans to impoverished people, mostly women, in developing countries. Loan recipients generally have no credit history, no collateral and no formal education. With microloans they create and build home-based businesses.