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What is the difference between microfinance and microcredit?

microfinance | microcredit | Related terms |

Microcredit is a related term of microfinance.


As nouns the difference between microfinance and microcredit

is that microfinance is (finance) finance that is provided to unemployed or low-income people or groups while microcredit is (uncountable|banking) the practice of making very small loans, especially to poor people to promote self-employment; microlending.

microfinance

English

Noun

(wikipedia microfinance) (-)
  • (finance) Finance that is provided to unemployed or low-income people or groups

    • Derived terms

    * microfinancial * microfinancier

    Related terms

    * macrofinance * microcredit * microinsurance * microlending

    References

    microcredit

    English

    Noun

  • (uncountable, banking) The practice of making very small loans, especially to poor people to promote self-employment; microlending.
  • (countable, banking) A microloan.

    • See also

    *("microcredit" on Wikipedia)