a very small, short-term loan at low interest, especially to a start-up company or self-employed person.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use microloan in a sentence
Karantonis, 57, is an economist and small-business microloan adviser.Meet the candidates running for Arlington County Board | Teo Armus | October 23, 2021 | 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.
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.”