To provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry.
Currently Viewing: 2017 Reporting Data
Summary
Provides Microenterprise LoansYes
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 1,087
Value of Microloans Disbursed $18.0 MIL
Value of Microloans Outstanding $26.8 MIL
Portfolio Quality
Mean Interest Rate 12%
Total Portfolio at Risk 6.08%
Loan Loss Rate 6.79%
Loans Past Due
30 to 60 $718,530
61 to 90 $250,094
91 to 120 $245,352
More than 120 $413,432
Other Financing Products
Small Business LoansYes
Max Business Loan Amount $500,000
Leverage Package or Guarantee Loans?Yes
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
Business Incubation
Business Development Training
Number Receiving Training 506
Number Receiving TA 3,057
Individuals Served 6,474
Clients Served 3,446
Businesses Served 3,721
Demographics
Gender
Women - 37.41%
Men - 61.46%
Other - 1.13%
Unknown - 0%
Ethnicity
Mixed-race - 0%
African American/African-born - 21.74%
Latino - 55.6%
White/Caucasian - 16.63%
Asian/Pacific Islander - 2.5%
South Asian - 0%
Native American/Alaska Native - 0.49%
Other - 1.54%
Unknown - 1.51%
HUD Low Income Standard
Below - 40.22%
Above - 57.08%
Unknown - 0.32%
Business Status
Business Status
Operating - 87.17%
Not Operating - 12.3%
Unknown - 0.52%
General Program Info
Area Types Served
Rural
Urban
State
MultiState
Member Associations
Alabama Microenterprise Network, AL
Georgia Micro Enterprise Network, GA
Organization Description
Lending Organization
Geographic Area Served
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
Missouri
New Mexico
Oklahoma
South Carolina
Tennessee
Texas
Geographic Area Served DescriptionTexas, Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee
Staffing
# FTEs 87
Individuals Served per Full-Time Equivalent Staff 74.41
Clients Served per Full-Time Equivalent Staff 39.61
