Briefing
Microenterprise and the small-dollar loan market
Abstract: "Small business" is a designation that includes businesses of many different sizes with varying financial needs and access to credit. Microenterprises ? businesses with fewer than five employees ? are served primarily by the small-dollar loan market, which ranges from payday lending to microloans offered by nonprofit organizations and, to a lesser extent, loans from traditional financial institutions. This Economic Brief explores the need for and challenges facing the small-dollar loan market in the United States.
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https://fraser.stlouisfed.org/title/economic-brief-6034/microenterprise-small-dollar-loan-market-583900
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2012
Issue: May
Order Number: 12-05