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microcredit

 

Definitions from the Web

Microcredit

Definition: Microcredit refers to small loans provided to individuals, particularly entrepreneurs and low-income individuals, who lack access to traditional banking services.

Examples of Usage:

  1. She used a microcredit loan to start her own bakery.
  2. The organization provides microcredit to farmers in rural areas.
  3. Microcredit has been proven to be an effective tool in poverty alleviation.

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