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microloan

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
mi·cro·loan  (mkr-ln)
n.
A very small, often short-term loan made to an impoverished entrepreneur, as in an underdeveloped country.


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With a microloan, access to a secure savings account or even crop insurance, those who live and work at the base of the economic pyramid have a financial cushion when food prices spike.
Now, according to faculty adviser Kirk Knutsen, the Meadows Microcredit Action Group has made microloans to women in Peru, Ethiopia, Tajikistan, and other countries.
The Microloan Direct program is probably the most viable option for most startups.
 
 
 
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