microlender

(redirected from Micro Lender)

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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Khaled Shams, a former chairman of Grameenphone and a former deputy MD of Grameen Bank who led the massive expansion of the micro lender, was also present.
Ramon Cepeda: Depending on the life cycle of the business, you can start with a micro lender such as ACCION, which finances loans from $10,000 to $100,000.
This is my learning as a micro lender. They are ready to pay more interest rate, but want less paperwork and very quick processing.
While addressing the issues faced by poor women, the micro lender should analyse the root of those issues in the society.
The increase in the number of micro lender businesses in the country is an indication that the majority of workers in the country struggle to make ends meet on their salaries, and also points to a nation living in debt, Molepolole North MP, Mr Mohammed Khan has said.
The micro lender said that it had to resort to layoffs because of stress faced after demonetisation.
Maisha Bank has become the 13th micro lender licensed by the Central Bank of Kenya (CBK).
Indonesia's micro lender Bank Rakyat Indonesia climbed 2.1 per cent, with a trading volume of 2.5 times its 30-day average.
6 August 2012 - Washington expressed on Sunday concerns about the Bangladeshi government's move to allow the government-appointed chairman of local micro lender Grameen Bank to select the bank's new managing director.