microcredit

noun

mi·​cro·​cred·​it ˌmī-krō-ˈkre-dit How to pronounce microcredit (audio)
: 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

Word History

First Known Use

1980, in the meaning defined above

Time Traveler
The first known use of microcredit was in 1980

Dictionary Entries Near microcredit

Cite this Entry

“Microcredit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microcredit. Accessed 6 Feb. 2023.

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