microlender

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 ?
India-based IndusInd Bank Ltd said that it has agreed to buy microlender Bharat Financial Inclusion Ltd in an all-stock deal.
Three and a half years after launching our Womens Entrepreneurship Initiative, MWF is the states largest microlender and a primary player in the regions robust entrepreneurial ecosystem, said Carolyn Cassin, president and CEO, Michigan Womens Foundation, a Detroit based 501 (3) public charity.
As the SBA's newest microlender in Utah, the UMLF was presented with $400,000 to bump its lending power up to $50,000 for a maximum loan amount, doubling what it was before.
Direct-mail promotional experiments have the drawback of identifying short-run rather than steady-state price sensitivity; more recently, we worked with a large microlender in Mexico to randomize interest rates at the level of 80 geographical regions across the country, with experimental rates in place for 30 months.
One natural possibility would be microlender ACCION, which is at the incubator.
increased the SBA's Microloan program's loan limit for borrowers from $35,000 to $50,000 and for microlender intermediaries after their first year in the program from $3.
stating that the founders of Compartamos, a for-profit microlender, claimed that they could "help more poor people by tapping the boundless pool of investor capital rather than the limited pool of donor money").
Hoen represents proactive SBA Microlender Pathway Lending.
Dhaka: Nobel laureate Muhammad Yunus on Wednesday blasted the Bangladesh government after it passed a law he said would pave the way for the "ultimate destruction" of Grameen Bank, the pioneering microlender he founded.
Compartamos ("we share" in Spanish) is a commercial microlender that has become one of Mexico's most profitable banks.
It will require a considerable amount of marketing expense, branch expansion," said Vijay Mahajan, founder of microlender Basix, which considered applying for a licence but did not.
Altruism: India Microlender Sees Scale in Capitalism; Industry Pioneer Has His Doubts, WALL ST.