70070801 - Microlending

Account Description FY2013
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