As some credit unions continue to be the lifeline for microenterprises seeking out loans for less than $2,500, a number of challenges to meet their needs may still exist.
The typical credit choices from micro businesses range from personal loans from family and friends and credit cards to payday loans, according to a July eScan from CUNA.
Among the potential obstacles lenders face are recovering costs. On the supply side, it's difficult to price small-dollar loans, CUNA said.
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