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

First Known Use of microcredit

1980

in the meaning defined above

See Words from the same year
NEW! Time Traveler

Seen and Heard

What made you want to look up microcredit? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!