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micro-credit

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
micro-credit [ˈmaɪkrəʊˌkrɛdɪt]
n
(Economics, Accounting & Finance / Banking & Finance) the practice of lending small amounts of money on minimal security, esp to help small businesses and communities in the developing world


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Summary: On Tuesday, the electoral village in El Menzah hosted a workshop on "the provision of successful projects" funded by the micro-credit associations with presence of representatives of associations and funds beneficiaries.
Yunus, who created a billion-dollar micro-credit venture by lending 27 dollars to a group of village women in 1976, has been a vocal critic of the global banking system which he says deliberately excludes people.
The Kyrgyzstan Development Fund (KDF) intends to engage a micro-credit company for soft-term financing of agricultural business projects in the regions of the country, KDF Director General Alexey Aliseev told reporters on Tuesday.
 
 
 
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