The Rural Microentrepreneur Assistance Program (RMAP) provides loans and grants to Microenterprise Development Organizations (MDOs) to support the development and ongoing success of rural microentrepreneurs and microenterprises. The program offers loan funds to establish or recapitalize a revolving loan program for making microloans to rural microentrepreneur businesses, as well as grant funds to provide technical assistance and entrepreneurship training to rural individuals and businesses. Eligible applicants include domestic non-profit entities, Indian Tribes, and public institutions of higher education. The program has a cost-sharing requirement, and applicants must provide a match of not less than 15 percent of the total amount of the grant. Key aspects of the program include:
• Loan funds to establish or recapitalize a revolving loan program
• Grant funds to provide technical assistance and entrepreneurship training
• Eligible applicants include non-profit entities, Indian Tribes, and public institutions of higher education
• Cost-sharing requirement of at least 15 percent of the total grant amount
• Quarterly application deadlines
Attached files
Contact
Shamika Johnson(Program Management Division, Business Programs)
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