The Rural Microentrepreneur Assistance Program supports the development and ongoing success of rural microentrepreneurs and microenterprises by providing loans and grants to microenterprise development organizations.

An applicant must a nonprofit corporation, institution of higher education, or federally-recognized Tribe (the “Program Applicant”).

A successful Program Applicant (which is known as a “Microenterprise Development Organization”) may use the proceeds of its Rural Microentrepreneur Assistance to provide (a) microloans to help microenterprises startup and growth through a “Rural Microloan Revolving Fund” to lend to businesses (known as “microloan Borrowers” and “micro entrepreneurs”) located in an eligible area with 10 or fewer full-time employees (“Program Borrowers”), and (b) training and technical assistance to Program Borrowers.