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Microlender
(redirected from Microlenders)

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Microlender
A person or bank that makes loans in small amounts. In the developing world, microlenders often make loans of only a few dollars to facilitate the start of small businesses. In this case, the interest can be a flat fee that does not compound. In the developed world, microlenders make loans of $5,000 to $25,000 and charge higher interest rates than they would for larger loans.
microlender
A company or organization that makes small loans to businesses that are generally unable to obtain financing from a regular source. Microlender loans often range from $5,000 to $25,000 at interest rates higher than those charged by commercial banks.
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From past experience, MIF knew that microlenders would face serious problems if a growing number of clients could not repay their loans.
Rebuilding Haiti: the Inter-American Development Bank is helping put ... by Americas (English Edition)
The bill will make it impossible for microlenders to operate in the state and effectively put us out of business there," Vijay Mahajan, head of the Microfinance Institutions Network or MFIN, said in an interview late Saturday.
India microlenders facing crisis, warns industry by Penny MacRae / AFP Global Edition
Concern about the financial health of the sector has led commercial banks to withhold funding from some microlenders, who disburse small loans to often poor entrepreneurs who do not have access to mainstream banking.
India's top microlender seeks to allay fears over solvency by Staff Reporter / AFP Asian Edition
 
 
 
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