microfinance

noun mi·cro·fi·nance \ ˌmī-krō-ˈfī-ˌnan(t)s , -fə-ˈnan(t)s , -fī-ˈnan(t)s \

Definition of microfinance

: financial services especially in the form of microloans provided to impoverished individuals and groups in poor and developing regions
  • Muhammad Yunus starts lending money to the rural poor in Bangladesh. His Grameen Bank kicks off a worldwide movement in microfinance as lenders start to see poor people, especially women, not as bad credit risks but as profitable customers.
  • —Barbara Kiviat

Recent Examples of microfinance from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'microfinance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of microfinance

1995

in the meaning defined above

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