Microenterprises
Microenterprises are small businesses that typically have fewer than five employees and generate limited revenue. They often operate in local markets and can include various types of businesses, such as food stalls, craft shops, or service providers. These enterprises play a crucial role in the economy by creating jobs and fostering entrepreneurship.
Microenterprises are often started with minimal capital and can be run by individuals or families. They are essential for promoting economic development, especially in underserved communities, as they provide opportunities for income generation and skill development. Many microenterprises also contribute to local culture and community identity.