microlending

noun

mi·​cro·​lend·​ing ¦mī-krō-¦len-diŋ 

: the lending of money in small amounts to impoverished individuals and groups who are unable to obtain loans from mainstream banks

microlender

¦mī-krō-¦len-dər 

noun

plural microlenders

Many microlenders follow up the first loan with others, trying to ensure that women can grow their businesses as their skills improve.

—Peggy O'Riley, Ms., June/July 1999

Word History

First Known Use

1990, in the meaning defined above

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