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Mountain Microenterprise Loan Fund, Inc.
Asheville NCCDFI Awards for Mountain Microenterprise Loan Fund, Inc.
FA (2008) - $567,187
Mountain BizCapital (formerly Mountain Microenterprise Loan Fund) is a certified CDFI in Western North Carolina that was established in 2003 It provides small business loans up to $35,000, and through its affiliate, Mountain BizWorks, provides business instruction and on-going technical support for low-income entrepreneurs in the twelve western-most counties of North Carolina Mountain BizCapital will use the 2008 Financial Assistance award of $470,000 as lending capital and the 2008 Technical Assistance grant of $97,187 for: 1) staff salary; and 2) computers and other essential technology.
FA (2005) - $248,150
The $1,398,750 FA award will be used to provide homeownership loans in North Carolina and in the metropolitan Washington DC area where Self-Help opened a new office in 2003. The award is expected to leverage additional funds resulting in $20 million in additional lending capital. Self-Help"s mortgage loans offer an affordable alternative to the predatory mortgages that often create great financial difficulties for elderly and low-income borrowers.
TA (2004) - $52,580
Mountain Microenterprise Loan Fund (MMLF) will use the award to: obtain consulting services to develop a market analysis, business plan, lending and portfolio policies, a capitalization plan, and a marketing plan; obtain staff and board training in lending and CDFI design and operation; and for computer technology for its staff.
Other Community Development Financial Institutions in North Carolina
CAHEC New Markets, LLC
Raleigh
Chatham-Lee Credit Union
Pittsboro
College Heights Credit Union
Fayetteville
Lumbee Tribe of North Carolina
Pembroke
MAY Coalition, Inc.
Spruce Pine
Metropolitan Community Credit Union
Washington
School Workers Federal Credit Union
CHARLOTTE
Self-Help Credit Union
Durham
Self-Help Ventures Fund
Durham
South East Community Credit Union
Wilmington
Tri County Credit Union
Ahoskie
Victory- Masonic Mutual Credit Union
Winston-Salem
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