RMMFI

ROCKY MOUNTAIN MICROFINANCE INSTITUTE

IMPACT REPORT

FISCAL YEAR 2021-2022

A MESSAGE FROM

RMMFI's CEO

The past year has been an unprecedented one for RMMFI. We served a record number of entrepreneurs in the Denver Metro Region, expanded to new communities across Colorado, hit an all-time $1 million lent, and brought on our first non-founder CEO, Jessisa Sveen.

Just as entrepreneurs must listen, learn, and innovate – so has RMMFI. In this report we share our results, key innovations, and impact over the past year. This impact is made possible because of you – our RMMFI community!

OUR NORTH STAR

People are unstoppable forces. Life circumstances are real and sometimes overwhelming, yet they should not determine what we can do in the present or be in the future. We believe everyone should be free to make choices to activate the possible. RMMFI creates the space for communities and people of all backgrounds to realize their unique potential through the power of entrepreneurship.

DIVERSITY, EQUITY, INCLUSION, AND ACCESSIBILITY STATEMENT OF COMMITMENT

RMMFI recognizes that in order to pursue our North Star we must approach our work and lead through a framework of racial, gender, and geographic equity. We know racial inequities and systemic barriers in education, access to capital, and access to opportunity have kept people of color and systemically marginalized communities out of mainstream access. We intentionally take part in conversations about structural racism as well as engage diverse voices in problem-solving, decision-making and issues of accessibility.

WHO WE SERVE

RMMFI supports resilient Coloradans who are ready for business ownership that have faced marginalization, societal barriers, or low-wage employment. RMMFI works with entrepreneurs from a variety of high-barrier backgrounds across locations, ages, and demographics which results in a diverse, welcoming community of entrepreneurs.

KEY ACTIVITIES

INSPIRE entrepreneurs to activate their dreams

EDUCATE on business foundations

SUPPORT the whole entrepreneur

SUPPORT the whole entrepreneur

INVEST through character-based capital

SUPPORT the whole entrepreneur

OWNERSHIP OF SELF
Entrepreneurship Activates Potential

OWNERSHIP OF SELF
Entrepreneurship Activates Potential

Entrepreneurs identify barriers to personal and professional success

Entrepreneurs recognize their own potential and are empowered to define their personal and professional success

Entrepreneurs experience self-worth, personal agency, and fulfillment of dreams, potential, and ideas

OWNERSHIP OF WEALTH
Entrepreneurship Activates Potential

OWNERSHIP OF WEALTH
Entrepreneurship Activates Potential

Entrepreneurs explore and ideate business concepts

Entrepreneurs launch and capitalize their business

Entrepreneurs and their households experience financial stability and growth through operating thriving, resilient businesses.

OWNERSHIP OF COMMUNITY HEALTH
Vibrant, Unique, and Empowered Communities

OWNERSHIP OF COMMUNITY HEALTH
Vibrant, Unique, and Empowered Communities

Entrepreneurs build community with one another

Entrepreneurs develop meaningful connections to coaches, customers, community

Entrepreneurs invest in their communities as owners, employers, and local leaders

YEAR-END SNAPSHOT

CAPITAL STATS

$177,556

LENT OVER THE PAST YEAR ACROSS 39 LOANS

$1,022,963

LENT ALL-TIME ACROSS 333 LOANS

95%

REPAYMENT RATE

VOLUNTEER STATS

235

VOLUNTEERS ENGAGED

4,541 hours

VOLUNTEERED

ENTREPRENEUR STATS

13%

OF ENTREPRENEURS PARTICIPATED IN SPANISH-LANGUAGE PROGRAMMING

12%

HAVE BEEN FORMERLY INCARCERATED

ENTREPRENEUR BUSINESSES BY INDUSTRY