Concept information
Preferred term
microcredit
Definition
- MICROCREDIT IS THE PROVISION of small loans, usually to poor and vulnerable groups, especially women. In developing countries, loans are usually no more than a few hundred dollars, while in developed countries much larger sums are involved (a common limit is $25,000). [Source: Encyclopedia of World Poverty; Microcredit]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/microcredit
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