Iowa Community Capital

Solidarity Microfinance is a non-profit program of Iowa Community Capital to create economic opportunities through small business loans, training and support, and savings services.

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Empowering communities

Solidarity has given me the opportunity to change my life. Prior to starting my business, we were working long hours at low-wage jobs and not able to move ahead. Now we are independent and earn enough income to support our family. I look forward to continuing to expand my business.
— Paty

Community impacts

Borrowers Served: 506
Loans Given: 2480
Amount Loaned: $6,367,049.00
Repayment Rate: 99.84% (Since Jan. 2015)

Client’s Annual income increased $10,276.00
Goal by 2023: 600 Borrowers!
* Updated: 12/16/2022

Fighting poverty

 

Mission: Solidarity Microfinance is a program of Iowa Community Capital, a 501(c)(3) non-profit organization. Our program’s mission is to empower women and communities to create economic opportunities through small business loans, support and savings services.

Services:

Loans: small, collateral-free loans with 6 months repayment period

Savings: ICC offers each member no fee Savings services through a local bank sponsor. Members must establish a Savings account for emergencies and deposit additional funds every six months.

Training: ICC provides training to help our members understand financial basics and develop leadership skills.

Support: A program staff member meets bi weekly with groups of borrowers to provide support and guidance.


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A History of Microfinance

You can receive occasional stories about our borrowers' successes, milestones the program reaches, and upcoming events.