mi·​cro·​loan | \ ˌmī-krō-ˈlōn How to pronounce microloan (audio) \
plural microloans

Definition of microloan

: a small loan typically for financing entrepreneurial projects by impoverished individuals and groups especially in poor or developing regions An advocate of economic power for women and a founder of women's World Banking, she [Esther Afua Ocloo] led the movement offering microloans to run small businesses around the world.— Ellen Sweet

Examples of microloan in a Sentence

Recent Examples on the Web The Microloan Modernization Act reforms the U.S. Small Business Administration’s Microloan program to increase the amount of money nonprofit intermediary groups can borrow from $5 million to $6 million. Steven Lemongello, OrlandoSentinel.com, 25 July 2017 Shankar’s group offered to help other agencies with similar tweaks, to facilitate microloans to farmers, or to reduce the overprescribing of antipsychotics and other drugs by Medicare providers. Sarah Stillman, The New Yorker, 23 Jan. 2017

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

First Known Use of microloan

1988, in the meaning defined above

Keep scrolling for more

Learn More About microloan

Time Traveler for microloan

Time Traveler

The first known use of microloan was in 1988

See more words from the same year

Dictionary Entries Near microloan




See More Nearby Entries 

Statistics for microloan

Cite this Entry

“Microloan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microloan. Accessed 21 Sep. 2021.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon


Test Your Vocabulary

Difficult Spelling Words Quiz

  • alphabet pasta spelling help
  • Which is the correct spelling?
Spell It

Can you spell these 10 commonly misspelled words?


Anagram puzzles meet word search.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!