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English definition of “microcredit”

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 from the Cambridge Business English Dictionary © Cambridge University Press)
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