Impact

The Impact of Inclusive Entrepreneurship

We believe that long-term investments in people and communities can build economies that are truly equitable and inclusive, with ripple effects that last through generations.

Since 2008, RMMFI’s work has resulted in:

406

Businesses Launched Through 51 Cohorts

77

% of Businesses Open at 2 Years

64

% of Entrepreneurs Increasing Household Income

342

Loans

94

% Loan Repayment Rate

1,059,335

Dollars Lent

4500

Hours of Volunteer Service Annually

60

% of Entrepreneurs on the Path to Achieving What They Want in Life

77

% of Entrepreneurs Involved in Their Communities

Social Impact

For every $1 RMMFI spends, $3.98 is returned to entrepreneurs and our community in the form of social and economic impact.

In 2022, the social and economic value of our work exceeded $9.6 million:

$5.9 Million

in anticipated long-term entrepreneur outcomes like increased financial stability, better life outcomes, and increased access to capital and investment

$3.7 Million

in community-wide outcomes like increased local economic activity and tax revenue, decreased need for emergency assistance programs, and increased public safety

Click here to read more about how we calculate and prove the value of our impact.

Impact Reports

Fiscal Year 2021-2022: Web | PDF

Impact Stories

Testimonials

I didn't have the confidence to strike out on my own. My initial meeting with RMMFI was a revelation, and I knew there wasn't any going back. People can grow in leaps and bounds. The beauty of RMMFI is that I knew I wasn't going to be left hanging after boot camp. It means I don't have to feel alone on my journey. It's worth taking a chance on yourself.

Before RMMFI, I was disconnected, discouraged, and overwhelmed, but RMMFI helped me look at the opportunity of entrepreneurship in a whole new way. They helped me see the possibility instead of the struggle.

RMMFI helped me see that I had the right idea and helped me carve a path for myself. I can now leave a legacy for others.

I would say RMMFI’s superpower is community involvement. Since day one I was able to get hooked up with some incredible mentors that took me to the next level. You get so many wonderful people to volunteer and really put their all into the program.

My business would not be where it's at today without the support and knowledge from RMMFI. Our class was a family, where we helped and supported each other, not only during class but for years to come.

I needed somebody to shake things up and make me think bigger, stronger, and be more confident. This program with the mentorship really builds your confidence and gives you some really truthful feedback so that you're not spinning your wheels doing something that's not productive.

To this day, the whole RMMFI team has continued to give me inspiration, provide needed and ongoing support for business development, and the network needed to help me advance my career. They listen and find every way to support entrepreneurs.

My mentors and the other entrepreneurs in my cohort have been very supportive throughout this program. I learned that I am an entrepreneur, I am a business owner, and I'm going to be very successful in this journey.

From the very beginning, the RMMFI staff and business mentors connected me with people and opportunities in the community to drive my business forward. The program set me on a solid foundation for growth, and I have watched my company transform from an expensive hobby into a self-sustaining business.

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Blog

24 Mar