This grant, the Rural Microentrepreneur Assistance Program, is offered by the Rural Development Department to empower microenterprises in underserved rural areas. Its purpose is to provide crucial financial support through loans and grants to eligible Microenterprise Development Organizations (MDOs). These MDOs, which can be nonprofits, federally-recognized tribes, or institutions of higher education, then utilize these funds to establish Rural Microloan Revolving Funds. This enables them to provide direct microloans, along with essential training and technical assistance, to new and growing microentrepreneurs. The ultimate beneficiaries are businesses with ten or fewer full-time employees located in eligible rural areas, specifically outside cities with populations under 50,000, fostering local economic development.
Opportunity ID: 343324
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | RD-RBCS-23-RMAP |
| Funding Opportunity Title: | Rural Microentrepreneur Assistance Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Other (see text field entitled “Explanation of Other Category of Funding Activity” for clarification) |
| Category Explanation: | The program provides loans and grants to Microenterprise Development Organizations (MDOs) to:
To help microenterprises startup and growth through a Rural Microloan Revolving Fund. Provide training and technical assistance to microloan borrowers and micro entrepreneurs. |
| Expected Number of Awards: | 20 |
| Assistance Listings: | 10.870 — Rural Microentrepreneur Assistance Program |
| Cost Sharing or Matching Requirement: | Yes |
| Version: | Synopsis 1 |
| Posted Date: | Aug 31, 2022 |
| Last Updated Date: | Aug 31, 2022 |
| Original Closing Date for Applications: | Jun 30, 2023 The deadlines for completed applications to be received in the USDA RD State Office for quarterly funding competitions are no later than 11:59 p.m. Eastern time on: First Quarter, September 30, 2022;Second Quarter, December 31, 2022;Third Quarter, March 31, 2023, and Fourth Quarter, June 30, 2023. |
| Current Closing Date for Applications: | Jun 30, 2023 The deadlines for completed applications to be received in the USDA RD State Office for quarterly funding competitions are no later than 11:59 p.m. Eastern time on: First Quarter, September 30, 2022;Second Quarter, December 31, 2022;Third Quarter, March 31, 2023, and Fourth Quarter, June 30, 2023. |
| Archive Date: | Jul 30, 2023 |
| Estimated Total Program Funding: | – |
| Award Ceiling: | $500,000 |
| Award Floor: | – |
Eligibility
| Eligible Applicants: | Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education Public and State controlled institutions of higher education Native American tribal governments (Federally recognized) |
| Additional Information on Eligibility: | The following are eligible to be a Microenterprise Development Organization:Nonprofits.Federally-recognized tribes.Institutions of higher education.The following are eligible to apply for a loan from the MDO as an ultimate recipient:Businesses located in an eligible area with 10 or fewer full-time employees. |
Additional Information
| Agency Name: | Rural Business-Cooperative Service |
| Description: |
What does this program do? It provides loans and grants to Microenterprise Development Organizations (MDOs) to:
Who may apply for this program? The following are eligible to be a Microenterprise Development Organization:
The following are eligible to apply for a loan from the MDO as an ultimate recipient:
What is an eligible area?
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| Link to Additional Information: | Program Information |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Shamika Johnson
Program Manager Email:shamika.johnson@usda.gov |
Version History
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