Rural Microentrepreneur Assistance Program
What does this program do?It provides loans and grants to Microenterprise Development Organizations (MDOs) to:To help microenterprises startup and growth through a Rural Microloan Revolving Fund.Provide training and technical assistance to microloan borrowers and micro entrepreneurs.
Who may apply for this program?The following are eligible to be a Microenterprise Development Organization:Nonprofits.Federally-recognized tribes.Institutions of higher education.The following are eligible to apply for a loan from the MDO as an ultimate recipient:Businesses located in an eligible area with 10 or fewer full-time employees.What is an eligible area?Rural areas outside a city or town with a population of fewer than 50,000 residents.
Urbanized areas near a city of 50,000 or more may not be eligible.The borrower’s headquarters may be based within a larger city so long as the project service area is located in an eligible rural area.The lender may be located anywhere.
Who may apply for this program?The following are eligible to be a Microenterprise Development Organization:Nonprofits.Federally-recognized tribes.Institutions of higher education.The following are eligible to apply for a loan from the MDO as an ultimate recipient:Businesses located in an eligible area with 10 or fewer full-time employees.What is an eligible area?Rural areas outside a city or town with a population of fewer than 50,000 residents.
Urbanized areas near a city of 50,000 or more may not be eligible.The borrower’s headquarters may be based within a larger city so long as the project service area is located in an eligible rural area.The lender may be located anywhere.
Agency: Department of Agriculture
Office: Rural Business-Cooperative Service
Estimated Funding: $1,600,000
Office: Rural Business-Cooperative Service
Estimated Funding: $1,600,000
Obtain Full Opportunity Text:
Program Information
Additional Information of Eligibility:
The following are eligible to be a Microenterprise Development Organization:Nonprofits.Federally-recognized tribes.Institutions of higher education.The following are eligible to apply for a loan from the MDO as an ultimate recipient:Businesses located in an eligible area with 10 or fewer full-time employees.
Full Opportunity Web Address:
https://www.rd.usda.gov/programs-services/business-programs/rural-microentrepreneur-assistance-program
Contact:
Agency Email Description:
Program Manager
Agency Email:
Date Posted:
2022-08-31
Application Due Date:
Archive Date:
2023-07-30
Social Entrepreneurship
Spotlight
Keeping Half the Profits Beats Non-profits for Social Impact
Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.
Learn How to Identify and Avoid Grant Scams
