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What does microenterprise mean?

Looking for the meaning or definition of the word microenterprise? Here's what it means.

Noun
  1. (business) A very small business with five or fewer employees, or the business sector comprising these businesses.
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The activities take advantage of existing local talent and create employment through microenterprise and other development actions.
It aims to assist the poor to find paid work for themselves through establishing and better managing an informal microenterprise.
Annual countrywide campaigns to promote microenterprise products had been held since the early 1990s in cooperation with the private sector.
Its services, such as basic education, micro-finance and microenterprise support, now reach 31 million of the country's poorest people.
The new products are providing fresh loans after six months and also microenterprise loans.
Poor and very low-income people who are engaged in microenterprise often need money to fund their businesses, and they often need training and other support.

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