GMEN has not pursued establishing a centralized loan fund to provide micro loans to micro entrepreneurs across the state, as done by some state microenterprise associations (SMAs). These SMAs provide either backoffice support to their member micro loan funds, similar to the ACCION model or they provide direct loan making services in the gap areas.
GMEN has done extensive research on the capitalization and operating expense needs of its micro loan fund members, as well as coverage gaps for the availability of micro loans in Georgia. A proposal has been developed to expand coverage and availability of capital for micro loans in Georgia. GMEN is seeking a funder to make an impactful commitment to access to capital in Georgia.
