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

Keep scrolling for more

Learn More about microloan

Statistics for microloan

Look-up Popularity

Time Traveler for microloan

The first known use of microloan was in 1988

See more words from the same year

Comments on microloan

What made you want to look up microloan? Please tell us where you read or heard it (including the quote, if possible).


one from the Upper Peninsula of Michigan

Get Word of the Day daily email!

Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
True or False

Test your knowledge - and maybe learn something along the way.

Dictionary Devil

Test Your Knowledge - and learn some interesting things along the way.

Love words? Need even more definitions?

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