A small financial loan made to poverty- stricken individuals seeking to start their own business. This type of loan typically does not exceed a couple hundred dollars, so an impoverished individual can not solely depend on this type of loan to fund their business. Also called micro loan. You may offer some microcredit to someone if you can tell that they really need someone to help them out. We got a lot of new microcredit and that gave us a lot of energy to move forward and begin our plans to make ourselves grow. You need to know if you have any microcredit and figure out the best way to utilize it if you do have any.