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 aid the startup and growth of microenterprises through the establishment of a Rural Microloan Revolving Fund. It also seeks to provide training and technical assistance to microloan borrowers and micro-entrepreneurs. The program is aimed at rural areas with populations of fewer than 50,000 residents, emphasizing projects that operate in eligible rural locations. Funding includes grants up to $205,000 annually for technical assistance, with a requirement for at least 15 percent matching funds, and loans ranging from $50,000 to $500,000 for setting up a Rural Microloan Revolving Fund, with a total aggregate debt limit of $2.5 million.