microlender

(redirected from Microlenders)

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.
References in periodicals archive ?
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.
Microlenders 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.