At a glance
From its website, read 2 Nov 2026Michigan Women's Foundation, The is a loan fund based in Detroit, Michigan. Its website describes microloans and small-business loans. Stated loan amounts run from $2,500 to $50,000. Where it lends: Statewide across Michigan. The business loan rate it states is 8%. It says it considers borrowers with low or no credit history.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Lending | (313) 962-1920 source |
|---|---|
| microloan@miwf.org source | |
| Website | www.miwf.org |
| Office (official list) | 1155 Brewery Park Blvd Suite 260, Detroit, MI 48207 |
What their website says about applying
Fill out our no-obligation qualifying form above. Your credit will not be checked at this stage.
sourceIf you have qualified, you will be emailed a link to begin the application process.
sourceThe key documents you’ll need are a business plan, 1 year of historical financials and 3 years of financial projections showing detailed revenue and expenses.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Microloans | Rate: 8% | 8% interest rate | source |
| Microloans | Term: 3 yr–6 yr | Loan repayments within 3-6 years | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Low or damaged credit considered
Those with a sub-optimal credit score may still qualify.
source - Business plan required
The key documents you’ll need are a business plan, 1 year of historical financials and 3 years of financial projections
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 12 Jan 2022 |
| RSSD ID | — (none listed) |
| Address | 1155 Brewery Park Blvd Suite 260, Detroit, MI 48207 Directions (Google Maps) |
| Website | www.miwf.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Endurance and BUILD Alumni loans have narrower geography or eligibility, and their amounts are not all stated. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | $2,500 – $50,000 | Our standard small business microloan offers capital loans of $2,500-$50,000 to Michigan small businesses. | source |
| Small-business loans | — | Apply for capital to start or grow your business. Where traditional lending falls short, we step in to help. | source |
Loan sizes
Our standard small business microloan offers capital loans of $2,500-$50,000 to Michigan small businesses.
sourceOur loans range from $2,500 to $50,000.
source$2,500-$20,000 loan amount
sourcewe provide capital funding of up to $50,000 to small business owners.
source
Range used for the size filter: $2,500 to $50,000
Service area
Statewide across Michigan
are available to qualifying businesses throughout the state of Michigan.
source
Statewide: Michigan
Borrower focus
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
- https://miwf.org/
- https://miwf.org/business-loans/apply-for-a-loan/
- https://miwf.org/business-loans/apply-for-an-endurance-loan/
- https://miwf.org/business-loans/
- https://miwf.org/business-loans/our-loan-options/
- https://miwf.org/business-loans/apply-for-a-build-loan/
- https://miwf.org/business-loans/make-a-mwf-loan-payment/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$1.3 million in 4 awards from the U.S. Treasury's CDFI Fund, 2019–2022 (CDFI Equitable Recovery Program; CDFI Program, Financial Assistance; CDFI Program, Technical Assistance).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $500,000 |
| 2022 | CDFI Program, Financial Assistance | $560,000 |
| 2020 | CDFI Program, Technical Assistance | $125,000 |
| 2019 | CDFI Program, Technical Assistance | $125,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Sep 2023| Total assets | $12M |
|---|---|
| Total liabilities | $9.1M |
| Net assets | $3M |
| Total revenue | $4.1M |
| Program-related investments (Part X line 13) | $4.2M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending September 2023 (tax year 2022; EIN 38-2689979, filed as “THE MICHIGAN WOMENS FOUNDATION”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue |
|---|---|---|---|
| Sep 2021 (990) | $7.1M | $2.5M | $3.9M |
| Sep 2022 (990) | $9M | $2.3M | $2.6M |
| Sep 2023 (990) | $12M | $3M | $4.1M |
Total assets grew 69% from Sep 2021 to Sep 2023. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $50,000 | Other loan funds whose website states a maximum: median $275,000. Higher than the stated maximum of 7% of these 184. |
| Total assets, latest IRS Form 990 | $12M | Larger than 62% of the 16 other certified loan funds and venture funds in Michigan with a matched Form 990 (median $6.6M). |
| Business loan rate its website stated (2 Nov 2026) | 8.00% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 1 pts above prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 7% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Michigan | 16 | larger than 62% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
Same loan type, nearby, lower stated rate
Certified CDFIs whose head office is within 50 miles of this one and whose own website states a starting rate at least 0.5 points lower for the same loan type. Consumer loans count only where both lenders state an APR. A starting rate is not an offer: ask each lender what you would pay, and check that it lends where you are (credit unions also require membership).
- Microloans (this lender states from 8.00%): United Cerebral Palsy Association of Michigan, Inc., DBA Michigan Assistive Technology Fund from 6.00% (13 mi, read 2 Nov 2026)
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME. Stated rates: each lender's own website, read on the date shown.
Other certified CDFIs in Detroit and Michigan
- Detroit Development FundLoan fund · Detroit, MICommercial real estate loans, Microloans, Small-business loansVerified
- Invest Detroit FoundationLoan fund · Detroit, MIEquity / venture investment, Affordable housing development loans, Small-business loansVerified
- One Detroit Credit UnionCredit union · Detroit, MIAuto / vehicle loans, Personal / consumer loansVerified
- Prosperus Detroit Micro LendingLoan fund · Detroit, MICredit-builder loans, MicroloansVerified
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