What is Microenterprise?
We call our staff working out in the field Microenterprise Development Managers (MEDMs) because they help to develop owner-operator ‘micro’ businesses. They live in the regions that they work in so they know the area’s needs. MEDMs are responsible for providing small business development support to people wanting to establish and develop their own businesses.
MEDMs are able to help their Clients get micro business loans to grow their businesses. Loans take into account the individual’s character, capacity and cashflow. Loans require the support of two Many Rivers’ MEDMs and approval by our Head of Microenterprise Development.
Many Rivers will seek to support any person who has a “real” business idea and is “fair dinkum” in their desire to make this idea real. We do not differentiate by race, gender or creed.
What about loans?
We offer micro business loans of up to $5,000 for a sole business owner and up to $10,000 for businesses with additional owners. Many Rivers can provide larger loans once we have worked with and have gotten to know our Clients.
You can view our lending policy here.