Meaning of the word microcredit in English
What does microcredit mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
microcredit
US /ˈmaɪ.kroʊˌkred.ɪt/
UK /ˈmaɪ.krəʊˌkred.ɪt/
Noun
the lending of small amounts of money at low interest to new businesses in the developing world
Example:
•
Many women in rural areas have benefited from microcredit programs.
•
The organization provides microcredit to entrepreneurs in developing countries.