1. Small loans, typically of a few hundred dollars or less, provided to entrepreneurs and small businesses, especially in developing countries, to help them start or expand their operations.
Usage: Usually plural; often associated with microfinance and poverty alleviation programs

Examples

• The nonprofit organization provides microloans to women entrepreneurs in rural areas.
• Many developing nations have benefited from microloans that help small business owners get started.
• She received a microloan of $500 to purchase equipment for her tailoring business.
• Microloans often have lower interest rates than traditional bank loans for small borrowers.
• The bank expanded its microloan program to reach more underserved communities.
• Microloans have proven effective in reducing poverty and creating economic opportunities.