microcredit

  

Definition

A small financial loan made to poverty-stricken individuals seeking to start their own business. This type of loan typically does not exceed a couple hundred dollars, so an impoverished individual can not solely depend on this type of loan to fund their business. Also called micro loan.

Use microcredit in a sentence

  • You may offer some microcredit to someone if you can tell that they really need someone to help them out.

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  • We got a lot of new microcredit and that gave us a lot of energy to move forward and begin our plans to make ourselves grow.

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  • You need to know if you have any microcredit and figure out the best way to utilize it if you do have any.

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