microcredit
noun
mi·cro·cred·it
ˌmī-krō-ˈkre-dit 
: 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
Sue HalpernExamples of microcredit in a Sentence
Recent Examples on the Web
Muhammad Yunus, who received the 2006 Nobel Peace Prize for pioneering the use of microcredit to alleviate poverty, was convicted in January of violating Bangladesh’s labor laws and sentenced to six months in prison along with three other officials at his telecommunications company.
—Jennifer Jett, NBC News, 2 Mar. 2024
Yunus, who was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help impoverished people, was sentenced to six months in prison in January on a separate charge of violating labor laws.
—Associated Press, Quartz, 3 Mar. 2024
Grameen became famous for pioneering the concept of microcredit, granting loans of under $100 to Bangladesh’s rural poor.
—Lionel Lim, Fortune Asia, 3 Jan. 2024
Something that’s a little closer to home is going to be related to microcredit decision-making, and discrimination and bias related to that and fraud detection.
—Richard Vanderford, WSJ, 5 Jan. 2024
Grameen’s success helped pioneer the microcredit model of development.
—Lionel Lim, Fortune Asia, 3 Jan. 2024
Bona fides: Since 2014 launch, has made more than $2 billion in microloans to six million plus customers Founder and CEO: Shivani Siroya, 39, who founded Tala after studying the impact of microcredit in sub-Saharan and West Africa for the U.N.
—Eliza Haverstock, Forbes, 8 June 2021
Because microcredit continues to be praised as a development strategy, discerning whether such loans can have positive effects without the bells and whistles that sometimes accompany it is key.
—Veronique Greenwood, Discover Magazine, 10 June 2011
That corporate vision includes plans to offer merchant payments, bulk payments, microcredit, insurance, and more, in partnership with other institutions, according to Pillai.
—Kingsley Kobo, Quartz, 18 July 2022
Jennifer Jett, NBC News, 2 Mar. 2024
Yunus, who was awarded the Nobel Peace Prize in 2006 for pioneering the use of microcredit to help impoverished people, was sentenced to six months in prison in January on a separate charge of violating labor laws.
—Associated Press, Quartz, 3 Mar. 2024
Grameen became famous for pioneering the concept of microcredit, granting loans of under $100 to Bangladesh’s rural poor.
—Lionel Lim, Fortune Asia, 3 Jan. 2024
Something that’s a little closer to home is going to be related to microcredit decision-making, and discrimination and bias related to that and fraud detection.
—Richard Vanderford, WSJ, 5 Jan. 2024
Grameen’s success helped pioneer the microcredit model of development.
—Lionel Lim, Fortune Asia, 3 Jan. 2024
Bona fides: Since 2014 launch, has made more than $2 billion in microloans to six million plus customers Founder and CEO: Shivani Siroya, 39, who founded Tala after studying the impact of microcredit in sub-Saharan and West Africa for the U.N.
—Eliza Haverstock, Forbes, 8 June 2021
Because microcredit continues to be praised as a development strategy, discerning whether such loans can have positive effects without the bells and whistles that sometimes accompany it is key.
—Veronique Greenwood, Discover Magazine, 10 June 2011
That corporate vision includes plans to offer merchant payments, bulk payments, microcredit, insurance, and more, in partnership with other institutions, according to Pillai.
—Kingsley Kobo, Quartz, 18 July 2022
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'microcredit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Microcredit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microcredit. Accessed 24 Apr. 2024.
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