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English definition of “microenterprise”

microenterprise

noun [C or U] (also micro-enterprise)
 
 
/ˈmaɪkrəʊˌentəpraɪz/ ECONOMICS, FINANCE
a company or the group of companies that typically have fewer than five employees: A micro-enterprise employs five or fewer people and requires $35,000 or less in startup capital.microenterprise credit/finance/loan He said he finally received some funding through a microenterprise loan. → Compare SME
(Definition of microenterprise from the Cambridge Business English Dictionary © Cambridge University Press)
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