On January 18, 2012, the City Council of the City of Chicago enacted an Ordinance to create a microlender training program and authorize the formation of The Chicago Microlending Institute (“ CMI”), in which both the City and an existing microlender, ACCION Chicago, will participate. This first-in-the-nation Institute will train new lenders to make microloans to the City’s smallest businesses, and provide City funds to capitalize the loan funds of the newly-trained microlenders.
CMI is currently seeking Initial Microlender Trainee Candidates. The deadline for applications is Friday, March 9th, 2012, at 5:00p.m.
Please click here for the complete RFQ.