microloan
noun
mi·cro·loan
ˌmī-krō-ˈlōn 
plural microloans
: a small loan typically for financing entrepreneurial projects by impoverished individuals and groups especially in poor or developing regions
An advocate of economic power for women and a founder of women's World Banking, she [Esther Afua Ocloo] led the movement offering microloans to run small businesses around the world.—
Ellen Sweet
Ellen SweetExamples of microloan in a Sentence
Recent Examples on the Web
Companies like Branch use machine learning algorithms to offer microloans via mobile platforms, reaching millions without access to traditional banking.
—Cornelia C. Walther, Forbes, 10 Dec. 2024
This may lead some to riskier alternatives like microloans or credit cards.
—Ikram Mansori, Forbes, 17 Oct. 2024
Meanwhile the Central Bank and Ministry of Labor have funded a special public education program on financial literacy to warn of the dangers of payday loans and microloans.
—Peter Pomerantsev, Foreign Affairs, 11 Oct. 2024
Actor and philanthropist Matt Damon also took the stage at the Plaza, appearing with his Water.org co-founder Gary White to discuss the success the nonprofit has had in bringing clean water to populations around the world via microloans.
—Degen Pener, The Hollywood Reporter, 1 Oct. 2024
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Cornelia C. Walther, Forbes, 10 Dec. 2024
This may lead some to riskier alternatives like microloans or credit cards.
—Ikram Mansori, Forbes, 17 Oct. 2024
Meanwhile the Central Bank and Ministry of Labor have funded a special public education program on financial literacy to warn of the dangers of payday loans and microloans.
—Peter Pomerantsev, Foreign Affairs, 11 Oct. 2024
Actor and philanthropist Matt Damon also took the stage at the Plaza, appearing with his Water.org co-founder Gary White to discuss the success the nonprofit has had in bringing clean water to populations around the world via microloans.
—Degen Pener, The Hollywood Reporter, 1 Oct. 2024
See all Example Sentences for microloan
Dictionary Entries Near microloan
Cite this Entry
“Microloan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microloan. Accessed 21 Dec. 2024.
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