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 14 years, RMMFI is proud to have:

  • Graduated 51 cohorts of Business Launch Boot Camp with an 85% graduation rate, resulting in the launch or expansion of 406 businesses in Denver, Aurora, and the San Luis Valley
  • Distributed $1,059,335 in 342 loans to low-income entrepreneurs with a 94% repayment rate
  • Won the 2021 Ian Helms Award from the Dakota Foundation
  • 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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