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Microenterprise and the Small-Dollar Loan Market, No. 12-05

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Microenterprise and the Small-Dollar Loan Market, No. 12-05

DATE: May 2012

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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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Hoy, Tammie , Romero, Jessica Sackett , Zeuli, Kimberly and Federal Reserve Bank of Richmond. "Microenterprise and the Small-Dollar Loan Market, No. 12-05," Economic Brief (May 2012). https://fraser.stlouisfed.org/title/6034/item/583900, accessed on August 13, 2022.

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