“micro-loans” via text-messaging

I thought this was interesting.  Cash Store of Canada released an earnings report.  They posted a $5.5M profit in the second quarter.  This is a 28% increase from the previous year.

What intrigued me was the micro-loan product via text messaging.  I guess they’re doing it in Finland and Sweden.  That part of the world is much more innovative than the US when it comes to cell phone technology.

You read the full article in the Edmonton Journal.

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