Loans allow businesses to thrive
Larry Thomas, owner of a small New Haven construction company was in danger of going bankrupt until local micro-lender Elmseed gave him training and funding to turn his struggling business into a profitable endeavor.
Elmseed Executive Director Javier Puig ’07 said the organization is about to start a capital campaign to facilitate its growth. The largely student-run non-profit organization, which was founded in April 2001 following a $20,000 award from the Yale Entrepreneurial Society’s Y50k competition, gives loans to local entrepreneurs like Thomas to start their businesses in...
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