Definition of microcredit
:credit in the form of microloans provided to impoverished individuals and groups
- The motivation for the continued expansion of microcredit … is the presumption that expanding credit access is a relatively efficient way to fight poverty and promote growth.
- —Dean Karlan et al., Science, 10 June 2011
- 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, The New York Review Of Books, 19 Nov. 2009
