noun
- a person whose business is lending money to others, typically at high interest rates
Examples
- The small business owner approached a moneylender when the bank refused his loan application.
- In many developing countries, moneylenders provide credit to farmers during planting season.
- She borrowed from a moneylender to pay for her daughter’s wedding expenses.
- The village moneylender charged extremely high interest rates on his loans.
- Traditional moneylenders often require collateral before approving a loan.
- Microfinance institutions have largely replaced informal moneylenders in rural areas.