OpportunityTitle: Refugee Microenterprise Development (MED) Program
AdditionalInformationOnEligibility: Public or private non-profit agencies are eligible for awards under this announcement. Faith-based and community organizations that meet the eligibility requirements are eligible to receive awards under this funding opportunity announcement. Faith-based organizations are encouraged to review the ACF Policy on Grants to Faith-Based Organizations at: http: //www.acf.hhs.gov/acf-policy-on-grants-to-faith-based-organizations. Applications from individuals (including sole proprietorships) and foreign entities are not eligible and will be disqualified from competitive review and from funding under this announcement.
Description: The Office of Refugee Resettlement (ORR) within the Administration for Children and Families&apos; (ACF) invites eligible entities to submit competitive grant applications for the Refugee Microenterprise Development (MED) Program. ORR has supported MED projects since 1991 to a variety of public agencies, community economic development agencies, local mutual assistance associations, and voluntary agencies. The overall goal of the Refugee MED Program is to assist refugees to become economically self-sufficient by1) assisting refugees to establish microenterprise businesses through the provision of MED loans, training and technical assistance (TA), and 2) assist refugees in building credit history and/or repairing their credit score. Allowable activities under the program include TA, maintaining a revolving loan fund (RLF), maintaining a loan loss reserve fund (LLR), and administrative costs associated with managing the MED Program. MED Programs also have the option of providing credit builder loans (CBL) for refugee clients that are intending to pursue an MED loan for the purpose of opening a microenterprise business, but first need assistance in building or repairing a credit history.
GrantorContactEmailDescription: ACF Applications Help Desk
GrantorContactText: ACF Applications Help Desk&lt;br/&gt;app_support@acf.hhs.gov&lt;br/&gt;
CloseDateExplanation: Electronically submitted applications must be submitted no later than 11:59 p.m., ET, on the listed application due date.