70070801 - Microlending

Account Description FY2012
7007-0801 Microlending
For microlending grants of up to $100,000 to be issued to established Community Development Financial Institutions and Community Advantage Lenders making direct microenterprise and small business loans to borrowers on a regional basis, as well as providing technical assistance to applicants and borrowers in order to foster business establishment and success, provided that the funds shall be used to support eligible organization's lending and technical assistance activities
200,000 200,000