Hewlett packard microenterprise development program

In the process, more small business are created, creating jobs. Refugees who are not yet citizens may participate in the program regardless of their date of arrival in the U. Before receiving the loan, they have to complete training on how to start and manage a small business and prepare a business plan. Training is provided on a continual basis until the loan is repaid. Participants learn about customer service, bookkeeping, inventory purchase and management, cash management, and taxes.

The loan payment is reported to one of the credit bureaus to help the participant establish credit history and improve their credit score. The Microenterprise Development program encourages grantees to diversify their funding base and maximize the amount of money they have available to lend. ORR has supported Microenterprise Development projects implemented by a variety of public agencies, community economic development agencies, local mutual assistance associations, and voluntary agency affiliates.

The Microenterprise Development program is a competitive grant program with a five-year project period Organizations wishing to operate a Microenterprise Development program must submit an application when the MED Funding Opportunities Announcement is open on Grants.

Current Microenterprise Development grantees. Branding Bar Menu U. The information contained herein is subject to change without notice.

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