microfinance

noun

microfinance

noun

Etymology From micro- + finance. Coined by German sociologist and economist Hans Dieter Seibel in 1990.

1

Business, Finance Usually Finance that is provided to unemployed or low-income people or groups.

  • Microfinance, once a relative cottage industry championed by antipoverty activists and development wonks, is on the verge of a revolution, with billions of dollars from big banks, private-equity shops and pension funds pouring in.2008 June 5, Barbara Kiviat, “The Big Trouble In Small Loans”, in Time, archived from the original on 09 Feb 2011:
Derived terms
microfinancial, microfinancier, microfinancing
Related terms
macrofinance, microcredit, microinsurance, microlending

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.