Microenterprises

Microenterprises are small-scale businesses typically operated by a single individual or a few people. They often have limited financial resources, minimal employees, and operate locally, serving their community's needs. Examples include small shops, food stalls, or tailors. These businesses are crucial for local economies, providing employment and income but face challenges like limited access to credit and technology. Despite their size, microenterprises contribute significantly to economic development and poverty alleviation by offering affordable products and services and fostering entrepreneurship.