Kauffman Foundation launches microlending program for underserved founders

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Kauffman Foundation launches microlending program for underserved founders.
Amid a swarm of 160 events as part of Global Entrepreneurship Week, the Ewing Marion Kauffman Foundation announced a new microlending program to spur investment in underserved entrepreneurs.

In partnership with four microfinance lenders, the foundation issued a series of grants totaling $1.2 million that a will change the way the nonprofit microlenders capitalize their loan pool funds for lending.

The foundation awarded grants of $300,000 each to AltCap, Women’s Business Center, KC Hispanic Economic Development Corporation and Justine PETERSEN. The program will offer capitalization opportunities for the nonprofit microlenders and Community Reinvestment Act credit opportunities for local banks.



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Kauffman Foundation
launches microlending program for underserved founders
Kauffman Foundation launches microlending program for underserved founders