Meaning of “microcredit” in the English Dictionary

business-english dictionary

(Definition of “microcredit” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"microcredit" in Business English

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microcreditnoun [ C or U ]

uk /ˈmaɪkrəʊˌkredɪt/ us

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)