Rocky Mountain MicroFinance Institute

A nonprofit organization

$34,357 raised by 91 donors

100% complete

$25,000 Goal

RMMFI doesn’t just invest in businesses; we invest in people, and we do it with more than dollars. We view entrepreneurship as a system of people, businesses, and community, and our “Whole Entrepreneur” model brings these elements together to allow individuals to tap into the social and economic benefits of business ownership.

Our goal is to help entrepreneurs grow into business owners who can successfully shift and adapt to changing environments in their businesses and their lives. We know that personal foundations are essential for success, and RMMFI works with entrepreneurs to develop their personal stability, entrepreneurial spark, and business feasibility.

RMMFI believes that long-term investments in people and communities can build economies that are truly equitable and inclusive, with ripple effects that last through generations. We work to promote ownership across three levels to create lasting community impact: 

  • Ownership of Self: Entrepreneurship helps individuals activate their potential
  • Ownership of Wealth: Entrepreneurship opens pathways to economic mobility and inclusion
  • Ownership of Community Health: Entrepreneurship creates vibrant, unique, and empowered communities

In 15 years, RMMFI is proud to have:

  • Graduated 60 cohorts of Business Launch Boot Camp with an 85% graduation rate, resulting in the launch or expansion of 470 businesses across Colorado
  • Distributed $1,224,873 across 377 loans with a 94% repayment rate plus $257,500 in grants
  • Become a certified Community Development Financial Institution (CDFI) with the U.S. Treasury
  • Won the 2021 Ian Helms Award from the Dakota Foundation
  • Received the 2021 Member’s Choice Award with Good Business Colorado
  • Been selected as a member of the 2020 Catalyst Program with the Stand Together Foundation
  • Won the 2019 Colorado Google.org Impact Challenge (one of five winners)
  • Won the 2019 National Innovation Award from American Enterprise Institute (AEI)
  • Been named a 2013, 2018, & 2019 Top Company Finalist (Nonprofit) by COBiz Magazine
  • Won the 2016 Small Nonprofit of the Year award from Denver Metro Chamber of Commerce
  • Won the 2011 Colorado Innovation in Philanthropy Award from Bank of the West

Mission

The Rocky Mountain MicroFinance Institute (RMMFI) creates the space for communities and people of all backgrounds to realize their unique potential through the power of entrepreneurship.

Background Statement

Entrepreneurship is a powerful tool to build both individual and community prosperity, but personal, professional, systemic, political, and economic barriers prevent many from accessing the benefits of ownership. These barriers result in an inequitable opportunity for economic inclusion and community autonomy as well as a poorly diversified economy. RMMFI supports resilient Coloradans who are ready for business ownership and want to overcome barriers to financial independence, build generational wealth, grow their dreams into reality, and define their own pathways to success.

Organization Data

Summary

Organization name

Rocky Mountain MicroFinance Institute

other names

RMMFI

Year Established

2008

Tax id (EIN)

26-3218152

Category

Community Improvement & Capacity Building

Address

1209 W. 10th Avenue
Denver, CO 80204

Mailing

PO Box 48138
Denver, CO 80204

Service areas

Denver, CO, US

Aurora, CO, US

Alamosa, CO, US, 81101

Sterling, CO, US, 80751

Trinidad, CO, US, 81082

Phone

720-941-5037

Social Media