Angel Acquisition Corp. (OTCBB: AGEL) has opened a new micro-lending division of its company called Angels In Action.
Angels In Action is a new microfinance and peer-to-peer lending social network for underserved American entrepreneurs seeking financing. The service’s Web site (www.angelsinaction.tv) features a social network wherein prospective lenders and buyers can interact and communicate.
Angels In Action also provides musicians, bands, product sellers, and other artists and musicians the chance to sell their products and services on the website’s e-commerce center.
The aim of this service is to channel the proceeds from each purchase on the Web site to entrepreneurs seeking microloans.