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English definition of “microcredit”


noun [C or U]     /ˈmaɪkrəʊˌkredɪt/
ECONOMICS, FINANCE a very small loan to individual people or families , for example in developing countries , especially in order to start a business : The bank is setting up a microcredit program for poorer farmers .
(Definition of microcredit noun from the Cambridge Business English Dictionary © Cambridge University Press)
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