March 25, 2011
Tiny startups in developing countries have a savior in microfinancing organizations like Kiva, but what about the small- to medium-sized businesses that don't qualify for microloans? These businesses, commonly called "the missing middle," have between 10 and 300 employees and usually seek between $20,000 and $2 million. They are the backbone of economic growth in developing nations, but are tragically undersupported. Ariel Schwartz writes about how ANDE and its members are trying to fill this gap.