Who We Are

Introduction

Iowa MicroLoan is a program created to help Iowans realize their goal of achieving business success when there is a solid idea, team, and commitment to make it work. Iowa MicroLoan was created for those microbusinesses that are considered on the fringe of risk-bearing capacity for most traditional financial institutions.

The Iowa MicroLoan program was created by the Iowa Foundation for Microenterprise and Community Vitality (IFMCV), which is a 501(c)(3) tax-exempt nonprofit foundation created for the purpose of initiating and operating model programs that assist Iowa's community foundations, other tax exempt organizations, and agencies of government in addressing a full range of eligible approaches for enhancing the vitality of Iowa communities and rural regions including, but not limited to, the charitable operation of grant programs, technical assistance, credit enhancement and loan programs, and program related investments for improving the economic opportunities for the benefit of all Iowans, but particularly to reduce poverty for people with low and moderate incomes and underserved communities and neighborhoods.

Iowa MicroLoan Staff and IFMCV Board members

IFMCV is a member of:

• Credit Builders Alliance

Iowa Foundation for Microenterprise and Community Vitality Support Provided By:

• U.S. Small Business Administration (SBA Microloan Program)

• Iowa State University Extension

• Iowa Bankers Association

• Siouxland Economic Development Corporation (SBA Microloan Intermediary)

• Iowa Small Business Development Centers

• USDA Rural Development