Noun: microcredit 'mI-krow,kre-dit
- A small loan, esp. to someone living in poverty who would not qualify for a standard bank loan, often given to start a small business
- microloan
- The process and business (or charity) of making of small loans to poor people to enable them to start a business, esp. to help people in developing countries escape poverty
"The NGO specialized in microcredit, helping rural communities develop economically";
- microlending, microfinance
Derived forms: microcredits
Type of: loan
Encyclopedia: Microcredit