Organization: Micro Enterprise Services of Oregon
Mission: Micro Enterprise Services of Oregon seeks to improve the economic opportunities of under served individuals through empowerment, education and entrepreneurship for the benefit of the greater community
Activities: Anchors - The Micro Enterprise Services of Oregon (MESO) Anchors program includesin-depth, customized and extended services for 3-5 years with ongoing businessplanning, recordkeeping and assistance with tax, legal and marketing services. TheAnchors program assisted approximately 954 entrepreneurs to stabilize and grow theirbusinesses in the year ended June 30, 2020.
Loan Fund - MESO provides micro loans of up to $50,000, loans for credit building, guaranteed credit lines in partnership with banks, emergency loans, and commercial real estate and equipment loans up to $400,000. MESO is a designated Small Business Administration (SBA) micro lender and a Community Development Financial Institution (CDFI). MESO is also an administrator of loan funds to organizations that include: Immigrant and Refugee Community Organization, Hispanic Metropolitan Chamber, Hacienda CDC, Neighborhood House, and Portland State University Business Program.
IDA - Individual Development Accounts are a 3:1 matched savings program offered toincome-qualified households to use for business-related assets and activities.Federal Assets for Independence (AFI) funding supplements state funding for thisprogram. Financial planning, training and business education are provided to programparticipants. MESO provided 92 business IDAs to income-qualified individuals duringthe year ended June 30, 2020.
NTEE category: Community Improvement & Capacity Building
Secondary category: Philanthropy, Voluntarism & Grantmaking Foundations