microloan
/ˈmaɪkroʊˌloʊn/
noun
- A very small loan, often given to people in developing countries to help them start or grow a small business.
- With a microloan of just $200, he was able to purchase a cart and sell vegetables at the market.
- Many organizations offer microloans to women entrepreneurs in rural areas.
- She used a microloan to buy sewing materials and start her own clothing business.