Microloans are about more than the dollars. It’s a relief, providing a chance to succeed.  HEDC’s Implacto Fund is Kansas City’s leading Bi-Lingual micro lender.

IMPACTO Microloans

A microloan enables a small business owner to pursue their dream, support their family, and create jobs in their community. These entrepreneurs form the backbone of our economy.

Many minority entrepreneurs are unable to access working capital from traditional financial institutions because they are too young or too small. IMPACTO Fund works to expand access to financial mobility.

Our borrowers enter the financial mainstream with microloans that build a positive credit history and provide the working capital needed to expand operations and hire or retain employees

Microloans help low-income entrepreneurs build their financial history today,  preparing them for traditional borrowing in the future.

Median loan size: $1500 – $25,000

Total loaned: $231,000

Repayment rate: 97%

Woman – owned business 33%

Average household income: $21,750

Business survival rate: 95%

Jobs created or retained per loan: 2

Economic impact: 11 new jobs created

Loan amounts  $500.00 – $25,000

Fixed interest Rates 6.5%- 18%

Loan Terms 1 – 5 years

Have you been in business for at least 1 year?

Have you started your business?

Have you had any of the following
• Bankruptcy in the past 12 months
• Open tax lien
• Past due child support