Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun The business or policy of making microloans to impoverished entrepreneurs.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun uncountable, banking The practice of making very small loans, especially to poor people to promote self-employment; microlending.
  • noun countable, banking A microloan.

Etymologies

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Examples

  • Simply put, Yunus 'work in leading the charge behind microcredit is the stuff of modern-day saints.

    How The Free Market Tames Greedy Investors Dean Zarras 2010

  • For starters, we have blogged in the past about: the economics of street charity; conservative vs. liberal giving; a charity called Smile Train that seems to be a model of efficiency; and peer-to-peer lending, which, along with microcredit, is arguably a form of charity.

    Where Do You Give Charity, and Why? - Freakonomics Blog - NYTimes.com 2007

  • For starters, we have blogged in the past about: the economics of street charity; conservative vs. liberal giving; a charity called Smile Train that seems to be a model of efficiency; and peer-to-peer lending, which, along with microcredit, is arguably a form of charity.

    Where Do You Give Charity, and Why? - Freakonomics Blog - NYTimes.com 2007

  • But I think that this substantial criticism of the systemic flaw in microcredit eligibility is really separate from the presence of bandwagon-jumpers and the inability of microcredit to topple dictatorships.

    Boing Boing: April 16, 2006 - April 22, 2006 Archives 2006

  • Yunus' notion -- today, known as microcredit -- has spread around the globe in the past three decades and is said to have helped more than 100 million people take their first steps to rise out of poverty.

    Archive 2006-10-08 Janet Ursel 2006

  • Yunus' notion -- today, known as microcredit -- has spread around the globe in the past three decades and is said to have helped more than 100 million people take their first steps to rise out of poverty.

    Muhammad Yunus and practical feminism Janet Ursel 2006

  • Their so-called microcredit lending system is copied in more than 100 countries, including right here in the U.S.

    CNN Transcript Oct 13, 2006 2006

  • Professor Muhammad Yunus is the winner of the 2006 Nobel Peace Prize for his work founding the Grameen Movement, an innovative program known as microcredit that provides small loans to the poorest rural areas of Bangladesh without requiring collateral.

    WN.com - Financial News 2010

  • Nobel Peace Prize for his work founding the Grameen Movement, an innovative program known as microcredit that provides small loans to the poorest rural areas of Bangladesh without requiring collateral.

    WN.com - Financial News 2010

  • Professor Muhammad Yunus is the winner of the 2006 Nobel Peace Prize for his work founding the Grameen Movement, an innovative program known as microcredit that provides small loans to the poorest rural areas of Bangladesh without requiring collateral.

    WN.com - Financial News 2010

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