Iowa Foundation for Microenterprise and Community Vitality
915 8th Street Suite 205BooneIA50036
2008
IowaMicroLoan 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. IowaMicroLoan was created for those microbusinesses that are considered on the fringe of risk-bearing capacity for most traditional financial institutions.
Currently Viewing: 2016 Reporting Data
Summary
Provides Microenterprise LoansYes
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 4
Value of Microloans Disbursed $45,500
Value of Microloans Outstanding $495,814
Portfolio Quality
Mean Interest Rate 8.5%
Total Portfolio at Risk 9.11%
Loans Past Due
30 to 60 $31,480
61 to 90 $13,700
91 to 120 $0
More than 120 $0
Other Financing Products
Small Business LoansNo
Leverage Package or Guarantee Loans?No
Services Provided
Training and Technical Assistance (TA) Services
Business Training (group based instruction)
Business Technical Assistance (one-on-one assistance)
Business Development Services
Coaching/Mentoring
Financial Literacy
Credit Counseling
Case Management Services
Business Development Training
Number Receiving Training 15
Number Receiving TA 67
Individuals Served 67
Clients Served 67
Businesses Served 43
Demographics
Gender
Women - 52.24%
Men - 47.76%
Other - 0%
Unknown - 0%
Ethnicity
Mixed-race - 0%
African American/African-born - 2.99%
Latino - 5.97%
White/Caucasian - 85.07%
Asian/Pacific Islander - 5.97%
South Asian - 0%
Native American/Alaska Native - 0%
Other - 0%
Unknown - 0%
HUD Low Income Standard
Below - 55.22%
Above - 44.78%
Unknown - 0%
Business Status
Business Status
Operating - 100%
Not Operating - 0%
Unknown - 0%
General Program Info
Area Types Served
Rural
Urban
State
Member Associations
Not a member of a SMA
Organization Description
Stand-Alone Microenterprise Organization
Geographic Area Served
Iowa
Geographic Area Served DescriptionState of Iowa
Staffing
# FTEs 3
Individuals Served per Full-Time Equivalent Staff 22.33
Clients Served per Full-Time Equivalent Staff 22.33
