For more than nine years, RMMFI has filled a critical gap in services to low-income entrepreneurs in the Denver Metro Area. RMMFI is the only Community Development Financial Institution (CDFI) in Denver that serves under-resourced entrepreneurs with business development and lending. These tools help first to launch and then to grow thriving micro-businesses. Ultimately, this tandem of support results in sustainable income for the business owner, the potential for job creation, and a burgeoning ecosystem of small businesses representative of the members and the values of their respective communities. RMMFI Entrepreneurs are equipped with an ability to deliver a product/service, but with persistent life barriers, often lack the knowledge, resources, and accountability necessary to turn an idea into a business that creates a reliable source of income. Through its "Idea, Launch, Thrive" program structure, RMMFI provides each entrepreneur with an increased level of support to transform their business concept into a thriving, income-generating business for themselves and their households. Since its founding in 2008, RMMFI has achieved the following: • Helped over 2,250 individuals to Explore Business Ownership through business training • Graduated 19 classes of the Business Launch Boot Camp with an 88% graduation rate which resulted in the launch or expansion of 162 businesses in Denver • Distributed 162 loans for over $378,000 to low-income entrepreneurs in Denver with a 95% repayment rate • Named the 2016 Small Nonprofit of the Year and the 2016 David E Bailey Small Business Advocate of the Year (Rob Smith) by the Denver Metro Chamber of Commerce. • Received the 2011 Colorado Innovation in Philanthropy Award from Bank of the West • Received 2011, 2012, 2014, 2015, and 2016 Right on the Money Award from Consumers United Association
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