Share this entry

Share this page

microcredit

Syllabification: mi·cro·cred·it
Pronunciation: /ˈmīkrōˌkredit
 
/

Definition of microcredit in English:

noun

The lending of small amounts of money at low interest to new businesses in the developing world.
Example sentences
  • Begum introduced microcredit to the village a decade ago and 40 women solicited as loan borrowers jointly built a facility where they hold weekly gatherings for the payment of a loan installment.
  • I would say, yes, in some cases we do, such as microcredit.
  • India's deficiencies have been particularly connected with, on one side, neglect of social opportunities in the form of basic education, basic health care, land reform, development of microcredit, and so on.

Definition of microcredit in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day snarf
Pronunciation: snärf
verb
eat or drink quickly or greedily