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Entrepreneur un-retires to head up micro-lan program: after short retirement, Chris Crane finds a new opportunity. (Finance).

Publication: San Diego Business Journal
Publication Date: 28-APR-03 		Format: Online - approximately 904 words
Delivery: Immediate Online Access
Full Article Title: Entrepreneur un-retires to head up micro-lan program: after short retirement, Chris Crane finds a new opportunity. (Finance).(Chris Crane named CEO at Opportunity International)

Article Excerpt
After growing a local company, taking it public, then overseeing its sale, Chris Crane thought he was ready for an early retirement.

That lasted about 2 1/2 years. Then he got a new job as CEO for Opportunity International, a micro-loan program that operates in 27 countries outside the United States. It's a program founded on the age-old concept it's better to teach someone how to fish rather than giving him the fish.

"Instead of giving people charity, we loan them money, they repay us, and they work their way out of poverty," said Crane, 51, a lifelong entrepreneur.

The loans Opportunity International makes in such places as Honduras, Nicaragua, India, Indonesia, and Zambia can sometimes be as low as $50 or as large as $5,000, and target the poorest of the working poor...

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