We are committed to helping improve the economy and quality of life in rural America.
This program aims to support Microenterprise Development Organizations (MDOs) in their efforts to assist microenterprises with startup and growth initiatives. It focuses on establishing and maintaining a Rural Microloan Revolving Fund, providing essential training and technical assistance to microloan borrowers, and micro entrepreneurs. The program sets criteria for MDOs to demonstrate experience or capacity in managing such funds, including requiring certification in microenterprise development training or active participation in intermediary lending under reputable programs. Additionally, it offers grants specifically for the purpose of providing technical assistance to rural micro-entrepreneurs or microenterprises, with a notable requirement for matching funds from recipients.