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What are microloans?

What are microloans? Here are some definitions.

Noun
  1. plural of microloan
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Examples
They pooled their savings and microloans, bought shovels, poured concrete and built new homes for themselves and their children.
The context for lending is demassifying and the economics favors microloans.
Following more than two years of deliberations, new measures advocating microloans are finally being implemented in the European Union.
The microfinance institution I created provides microloans, especially to women.
In Pakistan's Punjab province, for example, it became fashionable in 2008-09 for politicians to encourage borrowers to default on microloans.
Under the Taliban, there were not approximately 500,000 women starting businesses with microloans, a lot of that money coming from Canada.

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