The Black Cooperative Impact Fund
BCIF is a 501(c)3, community-based organization that provides zero-interest microloans ($10,000-$50,000) to the Black business community through pooled dollars and raises awareness about the importance of economic empowerment, equity, and wealth building, with a specific focus on communities in the Southern California region.
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1 Submitted Idea
CREATE ·2024 Grants ChallengeZero-Interest Microlending for Black-Owned Businesses
BCIF is seeking up to $75,000 to support its Zero-Interest Microlending for Black-Owned Businesses program. The organization intends to strengthen its internal capacity to efficiently track and evaluate key performance indicators aligned with its growth strategy. During the grant term, BCIF would utilize funds it has already secured as deployable capital to award up to five microloans of $10,000 each to local Black-owned businesses.