English - Turkish
Definition of microloans in English Turkish dictionary
- microloan
- Mikrokredi, düşük faizli kredi borçlanması
Related Terms
English - English
Definition of microloans in English English dictionary
- plural of microloan
- microloan
- A small loan, especially one extended to a poor person as part of a microcredit program of such lending intended to alleviate poverty
He got a one hundred dollar microloan.
- microloan
- Microloan is the extension of very small loans to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit. Microcredit is a part of microfinance, which is the provision of financial services to the very poor; apart from loans, it includes savings, microinsurance and other financial innovations
- microloan
- (Ekonomi) A very small, often short-term loan made to an impoverished entrepreneur, as in an underdeveloped country
- microloan
- A small sum of money which an individual borrows from another individual, group or legal entity with the condition that it be returned or repaid at a later date (sometimes with interest). Collateral is typically not required of a microloan
- microloan
- The contract and array of legal and/or ethical obligations surrounding a microloan