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
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Merriam-Webster unabridged
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Time Traveler for microfinance
The first known use of microfinance was in 1994
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