Micro Business is the small business which have an employee fewer than five employees and have startup costs of less than $30.000. The micro business owner known as micro enterpreneurs. There are 22 million micro enterpreneurs in the US. Owners of bakeries, beauty parlors, child care facility, repair shops, arts and crafts shops, small-scale restaurants are people known as micro enterpreneurs.
A lot of micro enterpreneurs sometimes lack the skills important to manage their finance business aspect. The result is, a lot of micro enterpreneurs can’t grow and develop their business beyond a micro enterprise. Presence of Micro Enterprise with their development program have helped micro enterpreneurs achieve great success and growth.
What kind of micro enterprise that could help? The answer is the micro finance company like Grameen Bank in Bangladesh which found by M Yunus. Is it exist in America? The answer is yes it is.