Microlending aims at providing low-barrier loans to small to medium scaled family run businesses that are financially disincluded historically. These borrowers might be in third world countries where traditional financing is not accessible. Lenders can be individual investors or institutions making risky investments or willing to help people who cannot access traditional banks or do not have the credibility to get loans from traditional sources. Microlending involves a charitable cause as well where lenders are not really concerned about what and how they are paid.
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- Masters Thesis Software Engineering 2020