We are committed to helping improve the economy and quality of life in rural America.
This program is designed to support Microenterprise Development Organizations (MDOs) through loans and grants, aiding in the startup and growth of microenterprises, particularly in rural areas. The broad goal is to foster economic development by providing MDOs with a Rural Microloan Revolving Fund, as well as training and technical assistance for microloan borrowers and micro-entrepreneurs. To qualify, MDOs must have experience in managing a Revolving Loan Fund or demonstrate adequate training and capacity to manage such a fund, along with a successful track record as an intermediary lender under the U.S. Small Business Administration (SBA) Microloan Program or equivalent. The program offers grants specifically for technical assistance to rural micro-entrepreneurs or microenterprises, with annual funding up to $205,000, requiring at least 15 percent in matching funds.