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What is a micro business?

By Zippia Team - Sep. 7, 2022

A micro business is a business that operates on a very small scale. These businesses have very small numbers of employees, typically 10 or under, and were started with a small amount of capital from an investor, bank, or other organization.

Micro businesses are often also financed by microcredit. This type of credit is an option for people who do not have collateral, a credit history, or employment history.

These businesses are very popular in developing countries and help to improve the quality of life of the business owner and the local people of that community. Micro businesses add value to these country's local economies, and can help to enhance purchasing power, create jobs, and improve income.

What is a micro business?

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