Micro loans are not limited to small businesses in developing countries; they are available in various forms and contexts worldwide. While micro loans gained prominence as a financial tool in developing countries to support low-income individuals and entrepreneurs, they have since expanded to other regions, including developed countries.
For instance, Cash-Express, as mentioned earlier, is a micro lending institution in the Philippines that offers a range of financial products and services, including micro loans, to cater to both individuals and businesses.