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 ?
Bangalore-based microlender Grameen Koota has selected Temenos T24 banking platform solutions.
One natural possibility would be microlender ACCION, which is at the incubator.
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.
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.
org), a microlender that started him off with an $8,000 loan that he used to pay contractors, buy toys and supplies, and for a marketing campaign for Short Stuff Chicago (www.
A Bangladesh government-appointed investigation in April found that Grameen Bank violated its charter as a microlender by creating affiliates that did not benefit the bank's shareholders, and recommended the government integrate those affiliates with the bank.
15 (ANI): The Bangladesh Supreme Court is likely to hear an appeal of Nobel Laureate Muhammad Yunus against a High Court decision to uphold his removal as the chairperson of microlender Grameen Bank.
In summary, only a small portion of SBA microlender recipient reports included clear and complete information on how they were spending Recovery Act funds and the outcomes they expected.
Muhammad Yunus and his Grameen Bank, a microlender in Bangladesh, won the Noble Prize in 2006 (Nobel Prize, 2006).
As the financial crisis continues to dampen the global economy, a popular online microlender to third world countries, Kiva.