microloan

American  

[mahy-kroh-lohn] / ˈmaɪ kroʊˌloʊn /

noun

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

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Example Sentences

The USDA’s Farm Storage Facility Loan Program and microloan programs will be tasked with improving storage and extending the shelf life of produce.

From Salon • Sep. 9, 2024

Or maybe it wanted to keep the money as a kind of microloan.

From Seattle Times • Nov. 8, 2021

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

From Washington Post • Oct. 23, 2021

They then pick the rate that they make the microloan at, and they set the timing.

From New York Times • Mar. 27, 2012

But a crisis in the microloan industry in India, as well as a number of recent academic studies, have called that claim into question.

From BBC • Jan. 24, 2011