Microloan Definition

mīkrō-lōn

noun

A very small, often short-term loan made to an impoverished entrepreneur, as in an underdeveloped country.

American Heritage

(banking) A small loan, especially one extended to a poor person as part of a microcredit program of such lending intended to alleviate poverty.

He got a one hundred dollar microloan.

Wiktionary

Other Word Forms of Microloan

Singular:

microloan

Plural:

microloans

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