microloan

noun
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, "Stephanie Murphy's small business loan House bill passes unanimously," 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, "Can Behavioral Science Help in Flint?," 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

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The first known use of microloan was in 1988

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Cite this Entry

“Microloan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microloan. Accessed 23 Sep. 2020.

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