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.
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. ”
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.