Definition of "microenterprise" [microenterprise]

• A very small business with five or fewer employees, or the business sector comprising these businesses. (noun)

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• "A July survey of microlenders by the Aspen Institute's FIELD program, a policy and research organization specializing in microenterprise, found that 61% of microlenders saw loan applications rise in the first quarter, but many are having a hard time meeting the higher demand."
• "A microenterprise is a sole proprietorship, partnership or family business that has fewer than five employees and is small enough to benefit from loans under $35,000."
• "A microenterprise is a business with no more than five employees, and is small enough to require start-up capital of $35,000 or less."