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

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

• More than 250,000 words that aren't in our free dictionary
• Expanded definitions, etymologies, and usage notes
• Advanced search features
• Ad free!