microlender

(redirected from Micro Lenders)

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.

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References in periodicals archive ?

Non-Bank Financial Institutions Regulatory Authority (NBFIRA) started regulating micro lenders after commencement of Micro lending regulations in 2012.

NBFIRA not regulating interest rates

But the unbanked Filipinos continue to patronize these micro lenders because it is easy, quick and informal.

Meet PH's first micro credit financing on franchise

It enabled micro lenders to avoid financial loss by identifying clients' repayment probability before issuing a loan.

Actis to sell African Credit Information and Analytics Business Compuscan to Experian

The latest sector report by the Central Bank shows the bad loan book for micro lenders grew to Sh9.91 billion during the year from Sh7.37 billion, meaning customers defaulted 5.8 per cent of Sh43.05 billion, the total loans issued during the year.

Getting loan could grow tougher with CBK plan

Each of the new micro lenders received a licence and is being supervised by the OJK.

Indonesia tops up Islamic microfinance sector with ten new institutions

The program will be hosted by Cynthia Nevels, founder of ThinkCrowdFund.com, a firm that partners with crowdfunding portals, crowdlending portals, banks, micro lenders and community based organizations to empower entrepreneurs and business owners to fill their funding gap.

Wells Fargo powers Google hangout with experts from Vstock

Grameen Bank has shown the way to the micro lenders to successfully operate in a male dominated society.

Microfinance loses effectiveness

While micro lenders in India hardly received any funding to boost their business needs, the trend is changing as local corporations and institutional investors are looking to invest in the firms after they were issued licenses by the Indian central bank.

More firms looking to invest in Indian Microfinance Institutions

Kim Vada, director general of banking supervision at the National Bank of Cambodia, welcomed the new entrant to the microfinance market, stressing this vital role micro lenders play in rural areas.

NEW MICRO LENDER HAS BIG PLANS

The Reserve Bank of India has shortlisted 10 micro lenders to set up small banks to advance loans primarily to the unbanked, small businesses and farmers, micro and small industries and unorganized sector entities which do not have access to finance from the larger banks.

INDIA NEWS - Licences To New Microfinance Banks

Opening the door to micro lenders focused on rural and semi-urban areas is widely viewed as a move to encourage financial inclusion of a large unbanked segment while mobilising rural savings and making them available for local investments.