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Microloan vs Pawnshop - What's the difference?

microloan | pawnshop |

As nouns the difference between microloan and pawnshop

is that microloan is (banking) a small loan, especially one extended to a poor person as part of a microcredit program of such lending intended to alleviate poverty while pawnshop is the business premises of a pawnbroker; where loans are made, with personal property as security.

microloan

English

Noun

(en noun)
  • (banking) A small loan, especially one extended to a poor person as part of a microcredit program of such lending intended to alleviate poverty.
    • He got a one hundred dollar microloan .

    See also

    *("microloan" on Wikipedia) *microlending

    pawnshop

    English

    (wikipedia pawnshop)

    Noun

  • The business premises of a pawnbroker; where loans are made, with personal property as security