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microcredit
[ mahy-kroh-kred-it ]
noun
- the lending of very small amounts of money at low interest, especially to a start-up company or self-employed person.
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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
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