Road to Economic Freedom - MED & IDA

Dreaming of owning your own business? We can help!

Through our program, we have helped clients start over 58 businesses in the auto repair/sales, cleaning services, and transportation industries.

Micro Enterprise Development Credit Builder Loans help refugees establish credit or rebuild their credit. Our MED program provides financial literacy classes which include one-on-one credit mentorship and 10 hours of free business education classes. In addition, we report payments to the credit bureaus helping to further build credit. Standard loans through the program range from $1,000-$15,000 with terms from 12-36 months. Credit Builder loans range from $100-$500 with terms from 6-12 months. This program is available in Albuquerque and Colorado Springs.

In Albuquerque, this program is qualified under the provisions of the New Mexico Small Loan Act (view New Mexico state license and authorization.) Loan Fees and Rates. Important Consumer Information.

Meet Some of Our Business Owners

 

 

*New Mexico Only: To report a problem or complaint with this lender, you may write or call - Alexander Martin | Community and Economic Development Programs Manager 230 Truman St. NE, Albuquerque, NM 87108 505.835.5525 | alexander.martin@lfsrm.org.
New Mexico Only: This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the Division by telephone number (505) 476-4885 or visit the website: https://www.rld.nm.gov/financial-institutions/