Definition of Microloan
a small sum of money that is lent to start a new business at low interest
Examples of Microloan in a sentence
The organization was able to provide the African woman with a microloan to start up a small sewing business. 🔊
Once he received the microloan, Nick used the five hundred dollars to buy the needed equipment for his car detailing start-up. 🔊
The new business owner will need to pay back the microloan after her cleaning company starts to make a profit. 🔊
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