Meaning & use
microloan
A very small loan, typically given to entrepreneurs who lack access to traditional banking.
See it in a sentence
A microloan of two hundred dollars helped her start a small tailoring business.
The nonprofit organization provides microloans to farmers so they can buy seeds and equipment.
A note on using this word
Microloans are central to microfinance, a movement aimed at reducing poverty through small-scale credit.
Words with a similar meaning
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