Concept information
Preferred term
microlending
Definition
- Developed as part of a mix of widely implemented attempts to end global poverty, microlending is the provision of small loans with the intent of fostering self-employment, the growth of small businesses, and ultimately permanent economic self-sufficiency. It is an element of a larger spectrum of financial services called microfinance, made available to people who typically lack access to services such as savings, home loans, insurance, and money transfers. [Source: Encyclopedia of Gender and Society; Microlending]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/microlending
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