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 ?
Global Banking News-October 16, 2017--Xiaomi and Shunwei Capital invest in micro-lender
JIMU Group's wholly-owned subsidiaries include Jimubox, JimuTimes, an offline consumer loan origination business, and JimuXD, a micro-lender that is licensed to directly fund consumer loans online, nationally.
The Reserve Bank last year granted in-principle nod to micro-lender Bandhan and infra lender IDFC to enter universal banking fray.
Yunus, who is challenging the tax bill, was removed as head of the micro-lender Grameen Bank that he founded in 2011, in a move widely seen as orchestrated by Hasina.
Partnering with Accion, the nation's largest nonprofit micro-lender, Sam Adams has provided more than 310 loans to small businesses totaling more than $2.7 million since the program's inception in 2008, including $150,000 to 16 Denver-area businesses in the past three years.
A representative from SBA micro-lender, Pathway Lending, will also be on site at the Kingsport Chamber of Commerce on Tuesday, August 13, 2013 and Wednesday, August 14, 2013, from 8 a.m.
The IFC is to work with German and French partners, as well as Cambodia-based ACLEDA Bank, to help the micro-lender, ACLEDA MFI Myanmar, begin operations this year.
(www.accion.org) is a global, nonprofit micro-lender dedicated to creating economic opportunity by connecting people to the financial tools they need to improve their lives.
He clarified that the jump rather than transforming into a specialized bank and then into commercial bank by adding, "Despite the fact that we are a micro-lender, we have already provided the services that a commercial bank can provide and that's why we aim to be a commercial banking entity."
Laborde was director of community finance at Mexican micro-lender FinComun, followed by a stint implementing sustainable, lair-trade coffee production in Mexico.
We have only one micro-lender, Northern Community Investment Corp., which operates in northern New Hampshire and Vermont.