WWBIC is a certified Community Development Financial Institution (CDFI) as well as one of the nation's top SBA Microlenders
and SBA Community Advantage Lenders.
To a large extent, microlenders
and digital lenders currently serve different customer segments - the former tends to serve more unbanked customers and informal sector workers.
, which include Community Development Financial Institutions and Rural Rehabilitation Corporations, will be able to offer their customers up to $50,000 of EZ Guaranteed Loans, helping to reach urban areas and underserved producers.
She entered the not-for-profit sector over five years ago, consulting for a variety of organisations, including microlenders
and healthcare foundations.
Moreover, in both developed and developing economies, individuals now have new opportunities to participate in microfinance as microangels and as microlenders
themselves and supply capital to others.
Discussing the impoverished borrowers who have recourse to microlenders
, Geisst remarks that "those falling into that category in the United States were much higher than previously thought.
For example, Unilever worked with microlenders
to open lines of credit for women who, once they had access to the product, could sell soap to entire villages.
In order to address the various challenges, the Development Bank of Namibia has implemented an apex microfinance facility to provide bulk capital to existing microlenders
who can achieve developmentally beneficial results.
The grant will aim to train select WBCs to become microlenders
and provide capital for loans to women who own businesses, and also strengthen the centers' ability to refer women to other sources of capital, and to provide women with financial literacy and loan readiness skills.
By diversifying the sources of microlenders
, both by type by encouraging corporates to sign on and by scope as the online platform opens up the lending process to anyone with internet, Pi Slice has the potential to make a mark on MENA microentrepreneurship.
Indonesia-based Bank Rakyat, considered to be one of the biggest microlenders
in the world, is planning to expand its operations.
239) This rosy picture turned significantly darker by 2008, however, as for-profit microlenders
were increasingly criticized for an undue interest in profits.