microloan

[ mahy-kroh-lohn ]

noun

1. a very small, short-term loan at low interest, especially to a start-up company or self-employed person.

Example Sentences

Karantonis, 57, is an economist and small-business microloan adviser.

From Washington Post

One of its earliest investments was in Windmill Microlending, a Canada-based charity that has been giving microloans to refugees and skilled immigrants.

From Ozy

She is also the founder of a nonprofit called Social Conscience, which provides low-interest microloans in underserved communities and uses profits generated from those loans to complete what she calls “engineering service projects.”

From MIT Technology Review