SAN JOSE, Calif. (AP) — A daycare provider needed cribs and high chairs. A coffee truck needed a generator. A couple renting party supplies needed to move into a storefront.
When these Silicon Valley small businesses needed cash, and fast, they didn't find help at a bank. They turned instead to a type of financing more commonly associated with buying a sewing machine for a Guatemalan tailor or a tractor for an African farmer.
Microlending, a decades old form of financing for the world's poorest, is now booming in Silicon Valley.
The region leads the country for microlending as a growing echelon of would-be businesspersons who can't qualify for traditional bank loans meets money from cash-rich techies and firms who want to donate in innovative ways.
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The New Mexico State Police officer who fired at a minivan full of children during a chaotic traffic stop has been suspended.
Four and a half years after he went to prison, former state senate leader Manny Aragon is out.
A suspected meth kingpin the FBI thought might be hiding out in New Mexico has been captured.
The popular Capulin Snow Play Area near Sandia Peak will be closed for the second year in a row.
While the roads were looking clearer late Thursday afternoon in the Albuquerque area, they could get dangerous again as temperatures drop later in the evening.
New details were released Thursday in Albuquerque's latest police shooting.