Definition of "microloan" [microloan]

• A very small, often short-term loan made to an impoverished entrepreneur, as in an underdeveloped country. (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.

• "He hopes to repay it as soon as possible, only to take out another "microloan" and start diversifying his stock."
• "Win says his microloan will be paid off in a year or two."
• "Working through her church, the retired businesswoman helped Win develop a business plan and provided collateral for him to get a microloan."