Assisting small businesses with the tools needed to implement automated financial accounting, financial reporting, inventory management and web-based marketing and distribution is emerging as an industry best practice among SBA s most successful microlenders
Discussing the impoverished borrowers who have recourse to microlenders
, Geisst remarks that "those falling into that category in the United States were much higher than previously thought.
For example, Unilever worked with microlenders
to open lines of credit for women who, once they had access to the product, could sell soap to entire villages.
In order to address the various challenges, the Development Bank of Namibia has implemented an apex microfinance facility to provide bulk capital to existing microlenders
who can achieve developmentally beneficial results.
Indonesia-based Bank Rakyat, considered to be one of the biggest microlenders
in the world, is planning to expand its operations.
239) This rosy picture turned significantly darker by 2008, however, as for-profit microlenders
were increasingly criticized for an undue interest in profits.
A "We support community-based organizations and microlenders
who can make those loans.
Credit scoring (where possible) is being used by some microlenders
, which complements the more labour-intensive and time-consuming approaches to credit analysis.
have more flexibility in offering loans, but cash flow, collateral, and credit are still at the core of their selection criteria.
The entrepreneur also could take out a small-business loan from a financial institution; microlenders
, such as alt.
These include community development financial institutions, microlenders
or community organizations that support specific types of businesses.
Several foreign specialist microlenders
have requested [but] not received approval from the Cuban government to operate in this space," said the banker, who asked not to be identified.