Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. The business or policy of making microloans to impoverished entrepreneurs. Also called microlending.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. The practice of making very small loans, especially to poor people to promote self-employment; microlending.
  • n. A microloan.

Etymologies

Sorry, no etymologies found.

Examples

  • Simply put, Yunus 'work in leading the charge behind microcredit is the stuff of modern-day saints.

    How The Free Market Tames Greedy Investors

  • 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.

    Where Do You Give Charity, and Why? - Freakonomics Blog - NYTimes.com

  • 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.

    Boing Boing: April 16, 2006 - April 22, 2006 Archives

  • Yunus' notion -- today, known as microcredit -- has spread around the globe in the past three decades and is said to have helped more than 100 million people take their first steps to rise out of poverty.

    Muhammad Yunus and practical feminism

  • Their so-called microcredit lending system is copied in more than 100 countries, including right here in the U.S.

    CNN Transcript Oct 13, 2006

  • Professor Muhammad Yunus is the winner of the 2006 Nobel Peace Prize for his work founding the Grameen Movement, an innovative program known as microcredit that provides small loans to the poorest rural areas of Bangladesh without requiring collateral.

    WN.com - Financial News

  • Nobel Peace Prize for his work founding the Grameen Movement, an innovative program known as microcredit that provides small loans to the poorest rural areas of Bangladesh without requiring collateral.

    WN.com - Financial News

  • Initially the work of nonprofit groups, the tiny loans to the poor known as microcredit once seemed a promising path out of poverty for millions.

    NYT > Home Page

  • If you cross that boundary, then use another term because when you use the term "microcredit," you confuse people.

    A Big Split Over Microfinance

  • When a man like Muhammad Yunus argues that such "microcredit" loans can make the difference between participation in mainstream society and off-the-grid poverty, we give him a Nobel Prize.

    Money Needed, Right Now

Wordnik is becoming a not-for-profit! Read our announcement here.

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.