microlender

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 ?
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.
Microlender 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.
Launch SA started in 2014 as a partnership between the City of San Antonio and LiftFund, a non-profit small business microlender, to provide entrepreneurial support for residents who are in the ideation phase or have an existing business.
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.