Microlending Technology Platform
Capital in Entrepreneurship
Ideas can grow out of thin air, but money does not, and ideas need money to thrive. CTEK is working to implement a technology infrastructure to serve organizations that provide capital to underserved entrepreneurs worldwide.
Technology can reduce the costs of operations and lending for micro-finance institutions, CDFIs and others who lend to those who face severe barriers to obtaining capital. A shared, open-sourced platform translates directly into higher rates of sustainability for the organization, and lower interest rates for the entrepreneur. CTEK’s role is to find the best technology and interface from the best partners who can build, test, implement and maintain the platform.
For micro-lenders, microfinance organizations and CDFIs, this initiative could dramatically enhance their ability to cost-effectively serve entrepreneurs.