What does microcredit mean?

Looking for the meaning or definition of the word microcredit? Here's what it means.

Noun (uncountable, banking) The practice of making very small loans, especially to poor people to promote self-employment; microlending. (countable, banking) A microloan. Find more words! 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This is surely the rationale of the UN campaign to increase the public's awareness of microcredit. Together, microcredit and IT have the common capacity to empower poor people, particularly poor women. That is why the United Nations has designated 2005 as the international year of microcredit. She was granted this microcredit to buy kitchenware, such as casserole and food containers. The country as a whole has seen a spurt in microcredit, overtaking, in the number of borrowers, Bangladesh, the global movement's fountainhead. See Also Sentences with the word microcredit Words that rhyme with microcredit What is the plural of microcredit? What is the noun for microcredit? Nearby Definitions microcraters microcrater microcracks microcracking microcracked microcrack microcredits microcrith microcriths microcrustacean microcrustaceans microcrystal 11-letter Words Starting With m mi mic micr micro microc microcr microcre microcred microcredi