Currently Viewing: 2014 Reporting Data

Summary
  • Provides Microenterprise Loans Yes
  • Other Microfinance Types
    • Credit-builder Loans
    • Microequity
  • Lending Types
    • Individual Lending
  • Tracks Credit Scores Yes
  • Reports Borrower Credit Performance Yes
Portfolio Quality
  • Mean Interest Rate 3%
Other Financing Products
  • Small Business Loans No
  • 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
    • Access to Market Services
    • Business Incubation
    • Technology Services
Business Development Training
  • Number Receiving TA 20
  • Individuals Served 23
  • Clients Served 20
  • Businesses Served 23
Demographics

  • HUD Low Income Standard

    • Below - 86.96%
    • Above - 13.04%
    • Unknown - 0%
General Program Info
  • Area Types Served
    • Rural
  • Member Associations
    • Not a member of a SMA
  • Organization Description
    • Stand-Alone Microenterprise Organization
  • Geographic Area Served
    • Minnesota
  • Geographic Area Served Description We serve Willmar, Minnesota 56201 and surrounding areas that are located in Kandiyohi County
Staffing
  • # FTEs 2
  • Individuals Served per Full-Time Equivalent Staff 11.5
  • Clients Served per Full-Time Equivalent Staff 10
Budget Info
  • Operating Income $150,000

To explore industry and entrepreneur data, visit Explore Our Data