mi·​cro·​fi·​nance ˌmī-krō-ˈfī-ˌnan(t)s How to pronounce microfinance (audio)
: 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

Examples of microfinance in a Sentence

Recent Examples on the Web Indian microfinance industry, which serves 70 million borrowers across India. Anu Raghunathan, Forbes, 29 Nov. 2023 Third, through the IFC, the World Bank has extended financing to the private sector, especially to small and medium-sized businesses and microfinance institutions. Robert B. Zoellick, Foreign Affairs, 16 Feb. 2012 Robert Christen, for example, also directs an international institute in microfinance. Foreign Affairs, 19 Aug. 2022 Social identity was a key part of what made both crypto and microfinance work. Antara Haldar, WIRED, 21 Dec. 2022 Great research is being done by professors on both sides of the house—not only in the social sciences, but within the management and policy programs, in fields like microfinance, national security, nonprofit management, and public finance. Foreign Affairs, 19 Aug. 2022 Women have a higher share in gold loans and microfinance Up to 42% of India’s gold loans are availed by women, another report by credit bureau CRIF High Mark showed. Mimansa Verma, Quartz, 7 Mar. 2023 While volunteering at the Yerevan offices of San Francisco microfinance firm Kiva, Ohanian reconnected with his father’s roots and learned more about his paternal homeland. Michael Del Castillo, Forbes, 21 Feb. 2023 While substantially less than the predatory terms demanded by many non-bank lenders in Central America, microfinance loans can still be high— a typical 40% or so. Anne Field, Forbes, 30 Aug. 2021 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'microfinance.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1994, in the meaning defined above

Time Traveler
The first known use of microfinance was in 1994

Dictionary Entries Near microfinance

Cite this Entry

“Microfinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microfinance. Accessed 11 Dec. 2023.

Last Updated: - Updated example sentences
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