A new microfinance loan program from Schwab Charitable allows investors to double-dip their charitable giving assets.

The San Francisco company, the charitable giving arm of Charles Schwab Corp., said in launching its microfinance guarantee program last week that it that lets donors set aside a portion of their charitable gift accounts to guarantee microfinance loans to "the world's poorest entrepreneurs to start, maintain or expand small businesses."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.