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microcredit
[ mahy-kroh-kred-it ]
noun
- the lending of very small amounts of money at low interest, especially to a start-up company or self-employed person.
Example Sentences
One priority is translating loanwords that are being used to communicate public policy or important news events, such as âmicrocreditâ or âvoucherâ as well as pandemic terms such as âbooster shots.â
Now, she said, âour women want to go from microcredit to micro-enterpriseâ so âthere has never been a better time to invest in womenâ â a theme of this yearâs meeting of the U.N.
For instance, it could be used by economists studying the impact of microcredit loans in developing nations or sports analysts using a model to rank top tennis players.
Yunus who pioneered the use of microcredit to help impoverished people, especially women, filed the appeal seeking bail on Sunday morning before it was granted.
Yunus, who pioneered using microcredit to help impoverished people, was present in court and was granted bail.
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