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microcredit

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
mi·cro·cred·it  (mkr-krdt)
n.
The business or policy of making microloans to impoverished entrepreneurs. Also called microlending.
Translations
microcredit [ˈmaɪkrəʊˌkredɪt] Nmicrocrédito m


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Microcredit came to prominence in the 1980s, although early experiments date back 30 years in Brazil, Bangladesh and a few other countries.
The Jordan microcredit company, Tamweelcom, distributed 2,000 school bags, half of which went to 30 schools located in poverty pockets and under-privileged areas in the Kingdom, while the other half went to the children of the productive poor among the CompanyAAEs clients.
New technologies, like the Internet, are the key to making microcredit available in remote regions, he added.
 
 
 
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