microcredit
Tiny loans program
Microcredit is the practice of lending small amounts of money to people who lack access to traditional banking—typically impoverished entrepreneurs in developing countries.
The loans fund small businesses: a sewing machine, livestock, market inventory.
Microcredit programs have helped millions of women start businesses.
The model relies on group lending and social pressure rather than collateral.
Temporary provision of resources
- repaymentGiving back what's owed
- borrowerOne who takes temporarily
- collateralSecurity for debt
- principalChief school administrator
installment · default · creditworthiness · underwriting · guarantor · amortization · debt · savings
Very small-scale commercial venture
- self-employedWorking independently, not hired
- vendorOne who sells goods
- artisanSkilled manual tradesperson
- handicraftManual skill or product
Collective of connected people
- villageSmall rural community
- ruralOf the countryside
- cooperativeJointly operated enterprise
- collectiveJointly organized group
solidarity · bottom-up · participation · local · outreach · NGO
Minimal means of living
- underprivilegedLacking usual social advantages
- impoverishedExtremely lacking in money
- inequalityUnequal distribution of resources
- deprivationState of lacking necessities
Depending on oneself alone
lending
Temporary provision of resources
- repaymentGiving back what's owed
- borrowerOne who takes temporarily
- collateralSecurity for debt
principal · installment · default · creditworthiness · underwriting · guarantor · amortization · debt · savings · capital
microenterprise
Very small-scale commercial venture
- self-employedWorking independently, not hired
- vendorOne who sells goods
- artisanSkilled manual tradesperson
handicraft · SME · bootstrap
community
Collective of connected people
- villageSmall rural community
- ruralOf the countryside
- cooperativeJointly operated enterprise
collective · solidarity · bottom-up · participation · local · outreach · NGO
subsistence
Minimal means of living
- underprivilegedLacking usual social advantages
- impoverishedExtremely lacking in money
- inequalityUnequal distribution of resources
self-reliance
Depending on oneself alone
- loansloan, loans, lend, borrow, auto loans
- creditcreditworthiness, creditors, creditworthy, FICO, FICO score
- economic developmenteconomic development, jobs, rural development, urbanization, job creation
- Social Enterprisesocial enterprise, social innovation, ethical business, triple bottom line, impact investing
- charitable loansinterest-free loans, emergency loans
- microfinancesmall loans, group lending, self-help groups, loan officers, poverty alleviation
microcreditinvestment banking
Advisory services for major transactions
sovereign debt · jumbo loans · mortgage lending · jumbo loan
microcreditcommercial banking
Banking for public customers
investment banking · predatory lending · loan sharking · payday lending · private banking
microcreditgrants
Awarded funds for purposes
charitable giving · cash transfers · philanthropy · wealth redistribution · subsidies
credit, micro, creditor, creditable, accreditation, microfinance, microloans, microloan, microlending