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Rocky Mountain MicroFinance Institute (RMMFI)

Cause Area

  • Community
  • Education & Literacy
  • Employment
  • Race & Ethnicity
  • Women

Location

1209 W. 10th AvenueDenver, CO 80204 United States

Organization Information

Mission Statement

Rocky Mountain MicroFinance Institute creates the space for communities and people of all backgrounds to realize their unique potential through the power of entrepreneurship. We believe that all people deserve the investment to achieve their dreams, and we provide that investment through classroom, coaching, capital, and community.

Description

The RMMFI "Whole Entrepreneur" model operates on the fundamental belief that everyone has a unique mix of skills, experiences, and personalities defining their greatness. When the struggles and barriers of the world muddy our vision, it’s hard to see what we’ve got inside ourselves. RMMFI creates the space to unleash the potential of people and communities through entrepreneurship. Working together as a community, our goal is to build the RMMFI Entrepreneur into a business owner who can successfully shift and adapt to changing environments in their business and their life. Personal foundations are essential for success, and RMMFI works with entrepreneurs to focus on personal stability, entrepreneurial spark, and business feasibility.

In 13 years, RMMFI is proud to have:

  • Graduated 37 cohorts of Business Launch Boot Camp with an 85% graduation rate, which resulted in the launch or expansion of 300 businesses in Denver and Aurora
  • Distributed $839,000 in 291 loans to low-income entrepreneurs with a 93% repayment rate
  • Won the 2019 Colorado Google.org Impact Challenge (one of five winners)
  • Won the 2019 National Innovation Award from American Enterprise Institute (AEI)
  • Received the 2016 Small Nonprofit of the Year award from the Denver Metro Chamber of Commerce

Reviews

Would you recommend Rocky Mountain MicroFinance Institute (RMMFI)?
1 review Write a review
by Jean-Marc S. from Denver, CO (April 13, 2018)
I have gone through RMMFI's entrepreneurship program and on graduation night, a friend commented he had never felt so welcomed, by the staff, fellow volunteers, and the partners. There is a reason the same people come back year after to year to partner with RMMFI to give back to this community. I look forward to giving back myself.

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