microcredit

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

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

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The first known use of microcredit was in 1980

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Cite this Entry

“Microcredit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microcredit. Accessed 25 Oct. 2020.

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