The business or policy of making microloans to impoverished entrepreneurs. Also called microlending.(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "microcredit" in a sentence
"Simply put, Yunus 'work in leading the charge behind microcredit is the stuff of modern-day saints."
"For starters, we have blogged in the past about: the economics of street charity; conservative vs. liberal giving; a charity called Smile Train that seems to be a model of efficiency; and peer-to-peer lending, which, along with microcredit, is arguably a form of charity."
"But I think that this substantial criticism of the systemic flaw in microcredit eligibility is really separate from the presence of bandwagon-jumpers and the inability of microcredit to topple dictatorships."