We are committed to helping improve the economy and quality of life in rural America.
This grant program is designed to support Microenterprise Development Organizations (MDOs) by offering loans and grants. The overarching goal is to assist microenterprises with startup and growth initiatives, facilitated through a Rural Microloan Revolving Fund. Additionally, the program provides training and technical assistance to both microloan borrowers and micro-entrepreneurs. Specific criteria for MDOs involve demonstrating experience in managing a Revolving Loan Fund or showing evidence of requisite training and successful participation as an intermediary lender, particularly within the U.S. Small Business Administration (SBA) Microloan Program or similar initiatives. Funding, up to $205,000 annually, aims to support technical assistance for rural micro-entrepreneurs or microenterprises, albeit requiring a 15 percent match in funds from the applicants to qualify.