Meaning of “microfinance” in the English Dictionary

business-english dictionary

"microfinance" in Business English

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microfinancenoun [ U ]

uk /ˈmaɪkrəʊˌfaɪnæns/ us ECONOMICS, FINANCE

the activity or business of providing financial services, such as small loans, to poor people or new businesses that cannot use traditional banking services, usually in developing countries:

Microfinance has been very effective in Guatemala.

(Definition of “microfinance” from the Cambridge Business English Dictionary © Cambridge University Press)