The program
provides small loans of up to $5,000
to successful graduates of the Microenterprise
Training Program. Currently, eleven
(11) loans have been made to the
Microenterprise Training graduates
to start or strengthen their businesses.
A Microenterprise Advisory Committee
was formed with local bankers, business
owners, and community leaders to
review loan applications and make
the loan decisions. MassBank for
Savings has agreed to service the
loan repayments. Seven (7) bank
members have pledged to contribute
additional funds in the form of
a line of credit as needed for additional
loan funds. BankBoston and Fleet
Bank have made a generous grant
to CALL's loan fund.
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