SINCE 1828
microcredit
noun
mi·cro·cred·it
| \ ˌmī-krō-ˈkre-dit
\
\
Definition of microcredit
: credit in the form of microloans provided to impoverished individuals and groups
Grameen pioneered the concept of microcredit, the granting of small loans to people who otherwise would have no access to money to run a business.— Sue Halpern
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The first known use of microcredit was in 1980
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