microcredit

noun mi·cro·cred·it \ ˌmī-krō-ˈkre-dit \
Updated on: 15 Nov 2017

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

First Known Use of microcredit

1980


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