We are committed to helping improve the economy and quality of life in rural America.
This grant program focuses on supporting Microenterprise Development Organizations (MDOs) to facilitate the startup and growth of microenterprises in rural areas. The specific objectives include providing loans through a Rural Microloan Revolving Fund and offering training and technical assistance to both microloan borrowers and micro entrepreneurs. Moreover, the program entails giving grants designed to back technical assistance for rural micro-entrepreneurs or microenterprises, with an annual cap of $205,000, though funding at the requested level is not a guarantee and necessitates at least 15 percent in matching funds. Eligibility hinges on demonstrable experience in managing Revolving Loan Funds or proven capacity and good standing in intermediary lending, notably with the SBA Microloan Program or comparable loan programs.