microcredit

[ mahy-kroh-kred-it ]

noun

1. the lending of very small amounts of money at low interest, especially to a start-up company or self-employed person.

Example Sentences

He’s talking about Muhammad Yunus, the Bangladeshi economist and entrepreneur who won a Nobel Peace Prize for bringing microcredit to entrepreneurs too small and poor to get a standard bank loan.

From Freakonomics