0 a small amount of money that is lent at a low rate of interest to a new business:
With a $1,300 microloan she started the company in April at her home.
Microloan applicants are often small enterprises that have just a few employees and typically do not qualify for traditional bank lending.
She used her microloan to purchase livestock that she will later sell at market for a profit.
Without the microloan that paid for a computer and other business equipment, she would have had to apply for welfare.
The average microloan borrower has a credit score of 600 out of 800 points, far below the minimum of 700.
