microcredit

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mi·cro·cred·it

 (mī′krō-krĕd′ĭt)
n.
The business or policy of making microloans to impoverished entrepreneurs. Also called microlending.
Translations

microcredit

[ˈmaɪkrəʊˌkredɪt] Nmicrocrédito m
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References in periodicals archive ?
In its latest step, China last month halted approvals for new online micro-lenders.
Beijing: The fortunes - and share prices - of the micro-lenders slumped in the past week as Beijing clamped down on risks in the financial system, zeroing in on the fast-growing and loosely-regulated market for unsecured "cash loans".
The apex bank said that the certification is a natural course for micro-lenders, as they need to remain committed to social change and regular exposure to global best practices.
To build Ivorians trust in banks, the report encourages financial institutions, including micro-lenders, to develop closer ties with their customers through innovations and partnerships.
As of the end of June, India's 50 for-profit micro-lenders had a combined portfolio of some $6.
The product is designed for micro-lenders with clear intent for on-lending to clients with developmental needs, not those who simply require finance for consumption.
PANA reports that micro-lenders in Botswana charge high interest rates up to 35% interest rate on loans and currently Botswana prime rate is 9.
Nelson at the SBA also said the administration has some micro-lenders that borrow money from the SBA at low interest rates and can refinance loans up to $50,000.
The event is an opportunity for business owner and others to talk to community lenders, micro-lenders, business advisors and/or technical assistance organizations to briefly discuss specific needs.
Group lending: Some micro-lenders prefer a group lending strategy, where loans are given to small close-knit groups of people who 'cross guarantee' other members of the group.
Kiva, one of the prominent micro-lenders, reports a loan repayment rate of 98.
And due to the small sizes of all micro-loans (and the resulting poor lending economies-of-scale), both not-for-profit and for-profit micro-lenders charge interest rates that appear high in comparison to the rates commercial banks charge to medium and large businesses.