From MyFox Chattanooga (via Ben Cunningham):
When Larry Thomas couldn’t get a bank loan for his struggling construction business, he turned to Yale University students less than half his age.
Elmseed Enterprise Program, which provides small loans and intensive technical support primarily to low income and other disadvantaged entrepreneurs, is the first micro-financing program in the country run by college students, organizers say. It sparked a similar initiative last year by Harvard University students, while Georgetown students are planning a program in Washington D.C., Rutgers in New Jersey and others such as the University of Rochester in New York are considering starting programs.