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AID to Distribute Micro-Credit to Women of Americas

National leaders attending the second Summit of the Americas in Santiago, Chile agreed on a package in which the U.S. Agency for International Development (AID) will provide $120 million over three years to small businesses. The funding will be distributed through micro-credit programs or through small loans which are given to entrepreneurs, most of whom are women.

While in Chile, First Lady Hillary Rodham Clinton heard stories from women who run small businesses to contribute to their families incomes, including a group that started a flower-selling cooperative and a woman who learned how to raise geese in France with the help of a foundation grant.

Sources:

Washington Post - April 20, 1998