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 invest in entrepreneurs’ personal and business development through a proven mix of classroom, coaching, capital, and community.

Description

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 holistic approach 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.

In 15 years, RMMFI is proud to have:

  • Graduated 66 cohorts of Business Launch Boot Camp with an 85% graduation rate, resulting in the launch or expansion of 519 businesses across Colorado
  • Distributed $1,263,823 in 388 loans to low-income entrepreneurs with a 95% repayment rate plus $384,500 in grants
  • Become a certified Community Development Financial Institution (CDFI) with the U.S. Treasury
  • Been appointed to the Colorado Office of Financial Empowerment Advisory Council
  • Received the 2023 Neighborhood Builders(r) Award from Bank of America
  • Won the 2023 Impact100 Award from Impact100 Metro Denver

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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