Auditors of Key Microfinance Bank, formerly Remu, have cast doubts on the firm's continued operations in the long-term due to recurring losses, unless it receives a fresh capital injection.The microlender
's accumulating losses, the auditors warned, have put its 'going concern' status in jeopardy.
Intermediary, to Cooperative Business Assistance Corp.; and the No.
Kellogg Foundation and the nonprofit microlender
Justine Petersen, they also taught small-business legal classes to formerly incarcerated individuals.
Kimberly LaRosa, Executive Director and CEO of The Renaissance Community Loan Fund in Gulfport, the only Mississippi home-based SBA Microlender
in state, said she hopes people in rural areas take advantage of SBA programs available to them.
Thailand's Bank of Ayudhya also recently acquired local microlender
Hattha Kaksekar Ltd (HKL).
-WILLIAMSVILLE SEARS TO ACQUIRE A GHANA MICROLENDER
TRUE LIFE CAPITAL
M2 EQUITYBITES-June 5, 2018-Williamsville Sears to Acquire a Ghana Microlender
True Life Capital
India-based IndusInd Bank Ltd said that it has agreed to buy microlender
Bharat Financial Inclusion Ltd in an all-stock deal.
As the SBA's newest microlender
in Utah, the UMLF was presented with $400,000 to bump its lending power up to $50,000 for a maximum loan amount, doubling what it was before.
Direct-mail promotional experiments have the drawback of identifying short-run rather than steady-state price sensitivity; more recently, we worked with a large microlender
in Mexico to randomize interest rates at the level of 80 geographical regions across the country, with experimental rates in place for 30 months.
One natural possibility would be microlender
ACCION, which is at the incubator.