Students Offer Microloans to Help Campus Neighbors Start Small Businesses

Brendan McInerney

Tracey Amadi, a widow and mother of three from New Jersey, co-founded a natural-skin-care company called Skin Arise with a loan from the Intersect Fund, a student-run microlender at Rutgers U. She now serves on the fund's client-advisory board.
January 15, 2012 Premium content for subscribers. Subscribe Today

Small entrepreneurs typically turn to banks to finance their business ideas, but in a handful of college towns, they have a new option: Just ask the students.

In the last four years, about a dozen student groups have begun offering loans to local...

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