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microloan

[ mahy-kroh-lohn ]
/ ˈmaɪ kroʊˌloʊn /
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noun

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

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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

How to use microloan in a sentence

  • 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.”

    Hands on|Katie McLean|February 24, 2021|MIT Technology Review
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