microlending

noun

mi·​cro·​lend·​ing ¦mī-krō-¦len-diŋ How to pronounce microlending (audio)
: the lending of money in small amounts to impoverished individuals and groups who are unable to obtain loans from mainstream banks
microlender 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

Time Traveler
The first known use of microlending was in 1990

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Dictionary Entries Near microlending

Cite this Entry

“Microlending.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microlending. Accessed 30 Dec. 2024.

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