$25,000 for Solutions to Enhance Microbusiness Financial Capability

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CFED has launched a call for solutions to discover and highlight strategies that address the key financial challenges facing low- and moderate-income microbusinesses. They’re looking for solutions that have the potential to improve the financial capability of microbusiness owners at scale to help them achieve business success, financial security and economic mobility. Canadian submissions are eligible. Submit your solution by Friday, July 25!

What’s in it for you? CFED will collect and vet the submitted ideas, products and services in partnership with our Advisory Network of funders, investors, developers and advocates seeking to build the financial capability of microbusiness owners. Up to 10 selected submissions will receive: 

Check out In Search of Solid Ground, for more detail on this
population and the types of financial challenges they face
  • Priority consideration for entry into our upcoming initiative to receive funding (up to $25,000 per organization, depending on the number of selected partners, to be delivered by January 2015) and technical assistance to assess, design and test scalable strategies for addressing microbusiness owners’ key financial challenges.
  • A chance to travel to Washington, DC and participate in an exclusive design thinking session at CFED’s Assets Learning Conference. Travel, lodging and conference attendance are valued at approximately $2,000. 
  • A chance to connect with people who can help further their solution by being included in a resource guide for funders, investors, developers and advocates advancing the financial stability of microbusiness owners.
  • Free publicity for their solution. All standout submissions will be publicized on CFED’s website and through CFED's mailing lists.

Contact CFED’s entrepreneurship team at entrepreneurship@cfed.org with any questions.

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