microlender

(redirected from Microlenders)

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 ?
The team asked the banking regulator to ensure the digital lenders are guided by the control on cost of loans introduced in 2016 within six months of adoption of the report.Mobile money firms and microlenders are currently allowed to skirt a legal cap on cost of loans at four percentage points above the central bank's benchmark rate.
Those partners range from chambers of commerce and incubators to banks and microlenders and even local libraries.
SBA Microlenders: Entrepreneurs can borrow from $500 to $50,000 and access free business counseling from SBA microlenders to start up and grow.
Economic effectiveness of microlenders directed towards the least poor micro level borrowers can be similar to those microlenders that often are unable to access the poorest (Khandker 1998; Gibbons and Meehan, 2000).
And on the smaller end of the spectrum are the Idaho microlenders Economic Opportunity by Jannus and the Idaho Hispanic Chamber of Commerce.<br />The heart of MoFi's mission is service to rural areas of the West.
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.
Microlenders, 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.
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." That may be well true, and their highness may even account for their poverty, but it is surely not what he meant to say.
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.
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.