Our mission is to provide grants, loans and business support to our market area for businesses unable to accesses conventional sources. This includes developing economic activities that substantially benefit low to moderate income residents.
Currently Viewing: 2016 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Microgrants
Individual Development Accounts (IDAs)
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 18
Value of Microloans Disbursed $350,000
Value of Microloans Outstanding $871,527
Portfolio Quality
Mean Interest Rate 8%
Total Portfolio at Risk 4.49%
Loans Past Due
30 to 60 $0
61 to 90 $11,988
91 to 120 $0
More than 120 $27,138
Other Financing Products
Small Business LoansYes
Max Business Loan Amount $100,000
Leverage Package or Guarantee Loans?No
Services Provided
Training and Technical Assistance (TA) Services
Business Technical Assistance (one-on-one assistance)
Business Development Services
Coaching/Mentoring
Financial Literacy
Credit Counseling
Access to Market Services
Technology Services
Self-employment Assistance
Business Development Training
Number Receiving Training 40
Number Receiving TA 100
Individuals Served 200
Clients Served 150
Businesses Served 200
General Program Info
Area Types Served
Rural
Member Associations
Not a member of a SMA
Organization Description
Lending Organization
Geographic Area Served
Massachusetts
Geographic Area Served Description17 towns in the central/western Massachusetts area
Staffing
# FTEs 2
Individuals Served per Full-Time Equivalent Staff 100
Clients Served per Full-Time Equivalent Staff 75
To explore industry and entrepreneur data, visit Explore Our Data
