Meanings of micro businesses in English

A digital presence for small and micro businesses is proving critical for their survival and recovery.

Many micro businesses work exclusively with cash, which presented a challenge when in-person transactions all but halted due to the pandemic.

The Reserve Bank put over $US2 million towards Tonga Development Bank soft loans for micro businesses and other groups.

Not only were we able to establish the 51 micro businesses we were able to film the entire empowerment process, he says.

Each house is home to between eight and 10 people and an informal economy of micro businesses has emerged as people created livelihoods.

To this end, Visa recently announced an initiative to digitally enable 50 million small and micro businesses during the global recovery from the pandemic.

In May, banks lent money mostly for investment and consumer purposes, while previously some of the bank funds also went into micro businesses, data shows.

Micro businesses in particular -mom-and-popstores with just one or two workers -contribute significantly to household incomes in many developing nations.