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2019 Top-Rated Nonprofit

Rocky Mountain MicroFinance Institute

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Nonprofit Overview

Causes: Community & Neighborhood Development, Economic Development

Mission: RMMFI is a community creating economic and social mobility through entrepreneurship. RMMFI helps curious people transform into serious entrepreneurs through personal, business, and financial investments.

Results: • Distributed $​608,353 in 231 loans to low-income entrepreneurs with a 92% repayment rate • Graduated 30 classes of Business Launch Boot Camp with an 85% graduation rate, which resulted in the launch or expansion of 245 businesses in Denver and Aurora • Became a certified Community Development Financial Institution (CDFI) with the U.S. Treasury • Selected as a member of the 2020 Catalyst Program cohort • Won the 2019 National Innovation Award from American Enterprise Institute (AEI) • Named a 2013, 2018, & 2019 Top Company Finalist (Nonprofit) by COBiz Magazine • Won the 2011, 2012, 2014, 2015, 2016, 2018, & 2019 Right on the Money Award from CUA • Received the 2016 Small Nonprofit of the Year award from the Denver Metro Chamber of Commerce • Won the 2011 Colorado Innovation in Philanthropy Award from Bank of the West

Target demographics: Under-resourced entrepreneurs

Direct beneficiaries per year: 34 boot camp graduates launched a business in 2019

Geographic areas served: Denver metro area

Programs: ​Business development​ and ​lending services​ built along the​ Idea, Launch, and Thrive​ ​business incubator​ ​pathway. Our 12-week Business Launch Boot Camp (BLBC) is an intensive course in which up to 10 qualified but under-resourced entrepreneurs launch (or re-launch) their businesses. Each BLBC offers participants a coordinated curriculum of education, mentorship, and technical assistance. Our Thrive program helps graduates of Business Launch Boot Camp grow and sustain thriving businesses through its access to markets, technical assistance, and Business Builder Loan programs.

Community Stories

11 Stories from Volunteers, Donors & Supporters

1 Jim D.6

Client Served

Rating: 5

I went through the boot camp in 2017. It is by far the best 12 weeks that I have ever invested in myself! The entire staff is amazing, the program is very well constructed and the ongoing mentoring and workshops are on point! I continue to work with RMMFI in several areas of my business. The support is tremendous and the whole staff truly want us all to succeed! If you are exploring self employment, check out RMMFI! They are the best!

Comments ( 1 )

Mary Kate Thanks, Jim! We are so proud of your success and are honored to be a part of your entrepreneurial journey.

1

Volunteer

Rating: 5

I love learning about all the entrepreneurs and their businesses and also seeing their business plans evolve and get better each week.

Comments ( 1 )

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Mary Kate 03/28/2019

Thanks, Jack! We're glad you found us and are excited to get you placed as a mentor!

1

Volunteer

Rating: 5

RMMFI is a wonderful and much needed non-profit for the Great Denver community! I have seen first-hand the tangible impact that RMMFI has had -- both for the entrepreneurs in the program and the mentors and other volunteers who benefit from the collective wisdom and power of the group!

Comments ( 1 )

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Mary Kate 03/28/2019

Thanks, Todd! We're happy to have you as part of the community, and we hope you keep coming back for more!

1 Tilyian M.

Volunteer

Rating: 5

Love these guys! They do a great job providing an intimate, hands-on program for entrepreneurs in the community. Furthermore, a rewarding experience for volunteers looking to connect to a fun, engaging group of people passionate about improving and enhancing their local community.

Comments ( 1 )

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Mary Kate 03/28/2019

We love having you as a part of the community, Tily! Thanks for being an amazing volunteer!

1

Volunteer

Rating: 5

This is the best place in Colorado to gain access to entrepreneurial skills. The value that RMMFI delivers is incredible, as it helps to deliver entrepreneurs from poverty and puts them in control of their financial future.

Comments ( 1 )

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Mary Kate 03/28/2019

We couldn't do it without amazing mentors like you, Gareth!

2 briasfusion2019

Client Served

Rating: 5

RMMFI is nothing short of amazing. They help so many people of all backgrounds and acts as a family to their respective communities

Comments ( 1 )

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Mary Kate 03/21/2019

Thank you, Briana! We love having you as a part of the RMMFI community, first as an entrepreneur and now as a mentor! We can't wait to see Bria's Italian Fusion grow and succeed!

1

Donor

Rating: 5

RMMFI provides a boot camp type of training and support to help emerging entrepreneurs develop customer, marketing and operational plans to successfully launch their businesses. Their first retrospective or guidepost along that journey was held in Aurora tonight and highlighted some outstanding individuals starting on the path to creating economic and social mobility through entrepreneurship.

Comments ( 1 )

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Mary Kate 03/21/2019

Thank you, Mary! We appreciate your ongoing support, and we loved having you at the Retro last night!

1 Jessica B.9

Client Served

Rating: 5

I went through the Business Launch BootCamp with RMMFI seven years ago. From the very beginning the staff and business mentors connected me with people and opportunities in the community to drive my business forward. The program set me on a solid foundation for growth and I have watched my company transform from an expensive hobby into a self sustaining business.

Comments ( 1 )

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Mary Kate 03/18/2019

Thanks, Jessica! We're so proud of how much your business has grown, and we're so grateful you continue to stay involved in the RMMFI community as a mentor.

1 Kimberlee W.

Client Served

Rating: 5

The people at RMMFI have been a blessing. I am grateful that RMMFI exists because I do not think I would be where I am today with my business and moving past fear to accomplish my goals. They are great and when I have the opportunity I encourage people to check them out.

Comments ( 1 )

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Mary Kate 03/15/2019

Thank you, Kimberlee! We love having you in this boot camp and have been so happy to watch your business grow!

1 Katerina V.

General Member of the Public

Rating: 5

As a former employee & current monthly donor, I am a BIG supporter of RMMFI & believe they stand by their mission when implementing business launch programming for local, entrepreneurs!

Comments ( 1 )

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Mary Kate 03/14/2019

Thanks, Katerina! We appreciate your ongoing support.

1

General Member of the Public

Rating: 5

The work they do isn’t so much about giving it’s about aiding. Helping entrepreneurs who would generally be overlooked by banks is a wonderful way to create new community leaders and builders. What a great program!!!

Comments ( 1 )

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Mary Kate 03/14/2019

We couldn't agree more! Thanks for your support!