Thursday, May 5, 2011

Invest Evanston to provide low-interest loans

Lending for Evanston and Northwestern Development, (LEND), is a non-profit student group at Northwestern University that is applying the principles of microfinance to help alleviate poverty within the Evanston community. On Monday, they launched a campaign, Invest Evanston, which will allow the group to use those same principles to finance entrepreneurs in the Evanston community. Donations from Northwestern students will be used to fund these low-interest loans for small business owners.  In the next two weeks, Invest Evanston hopes to raise at least $5,000, according to co-founder Sahil Mehta, a McCormick junior.  The full story can be found in North by Northwestern.  LEND is part of the Kellog Venture Community, 2169 Campus Drive Evanston IL 60201-2927; Phone: 866.867.3820, Email: info@kelloggventurecommunity.com

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