microloan
noun
mi·cro·loan
ˌmī-krō-ˈlōn 
plural microloans
: a small loan typically for financing entrepreneurial projects by impoverished individuals and groups especially in poor or developing regions
An advocate of economic power for women and a founder of women's World Banking, she [Esther Afua Ocloo] led the movement offering microloans to run small businesses around the world.—
Ellen Sweet
Ellen SweetExamples of microloan in a Sentence
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Women-specific resources include Grameen America, which provides microloans to low-income women entrepreneurs, and the Women's Business Development Center (WBDC), which offers financial assistance, loan programs, and training tailored to women business owners.
—Holly Eve, Forbes, 23 Jan. 2025
The microloans also come with 0% interest and businesses will have up to three years to repay their loan.
—Jasmin Suknanan, CNBC, 30 Dec. 2024
China’s Ant Group, for example, has demonstrated how financial inclusion and innovation can coexist, offering microloans, insurance, and wealth management products to millions of users through its Alipay platform.
—Zennon Kapron, Forbes, 19 Dec. 2024
Companies like Branch use machine learning algorithms to offer microloans via mobile platforms, reaching millions without access to traditional banking.
—Cornelia C. Walther, Forbes, 10 Dec. 2024
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Holly Eve, Forbes, 23 Jan. 2025
The microloans also come with 0% interest and businesses will have up to three years to repay their loan.
—Jasmin Suknanan, CNBC, 30 Dec. 2024
China’s Ant Group, for example, has demonstrated how financial inclusion and innovation can coexist, offering microloans, insurance, and wealth management products to millions of users through its Alipay platform.
—Zennon Kapron, Forbes, 19 Dec. 2024
Companies like Branch use machine learning algorithms to offer microloans via mobile platforms, reaching millions without access to traditional banking.
—Cornelia C. Walther, Forbes, 10 Dec. 2024
See all Example Sentences for microloan
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Cite this Entry
“Microloan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microloan. Accessed 6 Feb. 2025.
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