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.kroʊˌkred.ɪt/

Noun

1.

a very small amount of money lent to a person or group, especially in order to make it possible for people in poor countries to start businesses:

Example:
a microcredit program that lends women money to buy chickens
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