microcredit

listen to the pronunciation of microcredit
İngilizce - Türkçe
İngilizce - İngilizce
The practice of making very small loans, especially to poor people to promote self-employment; microlending
A microloan
Microcredit is the extension of very small loans (microloans) to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit. Microcredit is a part of microfinance, which is the provision of financial services to the very poor; apart from loans, it includes savings, microinsurance and other financial innovations
(Ekonomi) Microcredit is the extension of very small loans (microloans) to those in poverty designed to spur entrepreneurship. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit. Microcredit is a part of microfinance, which is the provision of a wider range of financial services to the very poor
Microcredit is credit in the form of small loans offered to local businesses, especially in developing countries. a microcredit scheme which provides credit to small businesses
A very small loan, especially one given to a poor person to enable him to become self-employed
The practice of making such loans; microlending
{i} very small loan given at low interest to an unemployed person or poor entrepreneur to enable her/him to become independent and work for oneself
microlending