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.

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 ?
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.
Maisha Bank has become the 13th micro lender licensed by the Central Bank of Kenya (CBK).
While addressing the issues faced by poor women, the micro lender should analyse the root of those issues in the society.
has announced that it will buy a stake in Indonesian micro lender Bank Andara.
Currently the micro lender has Rs 330 crore worth of portfolio under management covering around 250,000 clients in the states of Maharashtra, Tamil Nadu, Gujarat, Orissa, Karnataka and Rajasthan.
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.
The company, the only listed micro lender in India, said that it has 'sufficient support' from banks in the country.
Grant to Micro Lender Will Help Create Much-Needed Jobs
South Korean finance firm, APRO Financial Co Ltd, is to purchase a stake in Indonesia-based micro lender, Bank Andara.
Apart from a set of HNIs, the micro lender s list of investors also includes Indian giant HDFC Group.
Indonesia's micro lender Bank Rakyat Indonesia climbed 2.
22 June 2012 - Indian micro lender Grameen Financial Services, or Grameen Koota, has sold INR250m (USD4.