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

Along with many speeches by the Clintons, some federal funds were devoted to programs to help lenders offer microcredit so that low-income people could start small enterprises.

Read more on Salon

One priority is translating loanwords that are being used to communicate public policy or important news events, such as “microcredit” or “voucher” as well as pandemic terms such as “booster shots.”

Read more on Los Angeles Times

Now, she said, “our women want to go from microcredit to micro-enterprise” so “there has never been a better time to invest in women” — a theme of this year’s meeting of the U.N.

Read more on Seattle Times

For instance, it could be used by economists studying the impact of microcredit loans in developing nations or sports analysts using a model to rank top tennis players.

Read more on Science Daily

Yunus who pioneered the use of microcredit to help impoverished people, especially women, filed the appeal seeking bail on Sunday morning before it was granted.

Read more on Seattle Times