Mini Moguls – Kenya
June 2009 Amidst the economic carnage, Kenyas Equity Bank is booming. Micro loans as small as are helping the countrys budding business people. Can Wall Street learn a lesson from these rural entrepreneurs? Last year Philip Ndungu dropped out of school, as he couldnt afford the fees. But when Equity Bank opened in his neighbourhood, Philip was granted a 0 loan to start a business selling breakfasts. I sell to about 700 people a day before I go to school. Equitys founder Dr James …
