Definition of microloan in US English: microloan
noun A small sum of money lent at low interest to a new business.
‘the company is offering microloans in the hospitality industry’
More example sentences
‘They lifted millions of people from poverty with micro loans.’ ‘She starts a weaving business with a microloan and uses the profits to pay for nursing school.’ ‘She received a microloan to start a business growing and selling fruit and vegetables.’ ‘The goal is to help the community be self-sustainable, in part, by establishing a church, a school, and a microloan program.’ ‘She got a microloan to start a weaving business with her mother.’ ‘We were able to get a micro-loan, which paid for a kitchen on the premises.’ ‘He contributed LD$1 million for the establishment of a microloan program.’ ‘The association provides micro loans for looms and other equipment.’ ‘The majority of borrowers are landless rural women, and a typical micro loan might be used for the purchase of a cow.’ ‘She got a micro-loan and she set up a sewing shop.’ Pronunciation microloan /ˈmaɪkroʊˌloʊn/ /ˈmīkrōˌlōn/