What is a microenterprise?

A microenterprise is a small business that typically employs fewer than 10 people and has low capital investment. These businesses are often run by individuals or families and operate in sectors such as retail, food service, and personal services. Microenterprises play a crucial role in local economies by providing employment opportunities and contributing to economic growth.

A microenterprise is a small business that typically has fewer than 10 employees and generates less than $500,000 in annual revenue. Microenterprises are often owned and operated by a single person or family, and they play a significant role in the economy by providing goods and services to local communities.