micro-credit

/ ˈmaɪkrəʊˌkrɛdɪt /

noun

1. the practice of lending small amounts of money on minimal security, esp to help small businesses and communities in the developing world

Example Sentences

It offered policies like universal healthcare and village-based micro-credit schemes which directly benefitted rural and low-income communities.

From BBC

Yunus, a Bangladeshi banker who was awarded his Nobel in 2006 for pioneering micro-credit loans to impoverished people, has worked with the International Olympic Committee on a business program for athletes.

From Seattle Times

Especially since I’ve got a micro-credit on the movie: Yes, in a story that lovingly re-creates the details of his 1980s Arkansas childhood, Isaac somehow found room to give his chronic-punster critic friend a printed cameo.

From Slate

Ramos had taken out a $3,000 micro-credit for “construction”.

From The Guardian

“Our collective aim over the next two to three years should be to help low-wage workers and the unorganised, informal economy easily accesses three products - insurance, micro-credit and pensions,” Bose said.

From Reuters