microfinance
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English
Etymology
From micro- + finance. Coined by German sociologist and economist Hans Dieter Seibel in 1990.[1]
Noun
microfinance (usually uncountable, plural microfinances)
- (finance) Finance that is provided to unemployed or low-income people or groups.
- 2008 June 5, Barbara Kiviat, “The Big Trouble In Small Loans”, in Time, archived from the original on 2011-02-09:
- Microfinance, once a relative cottage industry championed by antipoverty activists and development wonks, is on the verge of a revolution, with billions of dollars from big banks, private-equity shops and pension funds pouring in.
Derived terms
Related terms
Translations
finance provided to low-income people
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References
- ^ Hans Dieter Seibel (2005) “Does History Matter? The Old and the New World of Microfinance in Europe and Asia”, in University of Cologne Development Research Center, archived from the original on 6 August 2010: “When I first coined the term microfinance in 1990, I defined it as as a sphere of finance comprising microcredit, microsavings and other microfinancial services.”
French
Etymology
Pronunciation
Noun
microfinance f (plural microfinances)