SEC. 6022 rmap-rural micro assistance grants (disc)

This federal Project Grant award of $100,000 was made on June 25, 2024 under the U.S. Department of Agriculture's Rural Microentrepreneur Assistance Program (CFDA 10.870). The grant recipient is Community Lendingworks, a certified Community Development Financial Institution (CDFI) that operates as a non-profit focused on providing financial services and business support to underserved rural communities.

Through this two-year award, Community Lendingworks will utilize the funding to deliver technical assistance, business skills training, and financial services to rural microenterprises and microentrepreneurs. The organization's core mission is to promote financial inclusion by offering affordable capital, credit-building opportunities, and entrepreneurship support to traditionally marginalized populations. This award will support Community Lendingworks' ongoing efforts to provide microloans, maintain loan loss reserves, and help unbanked and underbanked rural residents access the mainstream financial system.