Micro Loans: Helping the Community Help Itself, A Little Goes a Long Way!

Trinity Evangelical Lutheran Church 11/16/2025 10:45

Idea Submission for The People's Money:: An individual or team would apply for a micro loan up to $50,000 with a payback time of seven (7) years interest free. Ideas: Restaurants, small businesses, trades/home repair, cultural studios (metal work, pottery). Even a community coffee shop!
What is the problem your idea aims to address?: Businesses in Staten Island are closing due to rising inflation and post Covid challenges. No one has the money left over from their pay checks to start a business. A little goes a long way to get started.
Which groups does your idea focus on? Select all that apply: Youth (under 24)

Older Adults (65 +)

Public Housing Residents

Justice Impacted People

People with Disabilities

Limited English Speakers

Immigrants / Migrants

Veterans

LGBTQIA+ People

Parents

Unhoused People

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