microloan

[ mahy-kroh-lohn ]

noun

1. a very small, short-term loan at low interest, especially to a start-up company or self-employed person.

Example Sentences

When Israel declared last month that it would target a Hezbollah-linked Lebanese microloan charity it triggered a frenzied search for a list of the organisation’s branches.

From BBC

The USDA’s Farm Storage Facility Loan Program and microloan programs will be tasked with improving storage and extending the shelf life of produce.

From Salon

It said its development bank played an important role in supporting Wales' economy and it had launched a £30m microloan fund in 2019.

From BBC

Or maybe it wanted to keep the money as a kind of microloan.

From Seattle Times

Karantonis, 57, is an economist and small-business microloan adviser.

From Washington Post