Definition

A very small loan given to help someone start or grow a business, especially in poorer countries.

Example

She received a microloan to start her own bakery.

Conversation

Have you heard about the concept of a microloan?

Yeah, I think it's a great way to help small businesses get started.

Exactly! It’s amazing how just a little money can make such a difference.

Totally, it empowers entrepreneurs in ways that traditional loans often can't.

Synonyms & Antonyms

Root Explanation

Microloan → It is formed from "micro-" (from Greek "mikros", meaning small) and "loan" (from Old English "lan", meaning to lend). The word "microloan" refers to a small loan, typically given to individuals or small businesses who may not have access to traditional banking services.

Memory Tip

Think of 'small' ('micro-') loans that are 'lent' ('loan') to help individuals or small businesses.

Visually Confused Words