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Noun: microcredit  'mI-krow,kre-dit
  1. A small loan, esp. to someone living in poverty who would not qualify for a standard bank loan, often given to start a small business
    - microloan
     
  2. The process and business (or charity) of making of small loans to poor people to enable them to start a business, esp. to help people in developing countries escape poverty
    - microlending, microfinance

Type of: loan

Encyclopedia: Microcredit