Microloans
The Micro Loan Fund (MLF) provides loans for individuals and microenterprises from $300 to $15,000. Loans are repaid over a four-month to three-year period. Most business purposes are eligible, including working capital, equipment and inventory.

CDFIs like First State Community Loan Fund invested $3.5 billion in 2004 to create economic opportunity in the form of new high-quality jobs, affordable housing units, community facilities and financial services to low-income families and small businesses. Our MLF demonstrates our commitment to that mission.

CDFIs serve niche domestic markets throughout the United States that are not adequately served by conventional financial markets. CDFI customers were 53% female, 58% minority, and 70% low income, all much higher proportions than in mainstream financial institutions. Such customers typically have been turned down by conventional financial institutions because they do not have sufficient collateral or capacity and resources to borrow from banks.

Business Growth Fund