microloan

noun

mi·cro·loan ˌmī-krō-ˈlōn

plural microloans

: 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 For instance, although microloans can help a family start a business, the pressure to repay them generates stress -- a factor that donors should consider when assessing their value. —

Johannes Haushofer, Foreign Affairs, 15 July 2014 Scale Link provides microloans from financial institutions for community development. —

Chase Jordan, Charlotte Observer, 14 May 2024 Members divide the income after their children’s school fees are paid and microloans are made to those wanting to start other small businesses. —

Cameron Pugh, The Christian Science Monitor, 10 Apr. 2024 While it’s based in Santa Monica, California, the company makes microloans to customers with little or no formal borrowing history in the Philippines, Mexico, Kenya and India, using their smart phone data to judge risk. —

Rina Torchinsky, Forbes, 13 Feb. 2024 See all Example Sentences for microloan

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