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Definitions from the WebMicro-loansDefinition: Micro-loans refer to small loans that are provided to individuals, especially those with limited or no access to traditional banking services, to help them start or expand small businesses, or meet their personal needs. Senses and Usages:
Micro-loans are aimed at providing financial assistance to entrepreneurs and low-income individuals. Sample Sentence: The organization offers micro-loans to aspiring entrepreneurs, enabling them to turn their business ideas into reality. Micro-loans also represent a philanthropic approach to poverty reduction, empowering individuals and communities by making small amounts of money accessible. Sample Sentence: The foundation's micro-loan program has positively impacted countless families by providing them with opportunities for income generation. A micro-loan may also refer to the financial institution or organization that offers and manages small loans. Sample Sentence: She decided to approach a micro-loan for her business expansion as traditional banks rejected her loan applications. The adjective form can be used to describe things that are directly associated with micro-loans. Sample Sentence: The micro-loan sector has witnessed significant growth in recent years, benefitting various small-scale ventures. The term can also function as a verb when describing the act of applying for or being approved for a micro-loan. Sample Sentence: She believes that micro-loaning could be the solution to her financial struggles, so she decided to apply for a micro-loan. Related Products on Amazon: Books on Micro-loans, Micro-loan Business Tools, Micro-loan Charities | ||||
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