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Funding Opportunities

Social Innovation Micrlending

Supporting innovative solutions for social change.

Are you a social entrepreneur who has the passion and drive to create change and solve a societal issue? Do you have a social venture in need of capital? Are you prepared to enhance society’s capacity to act on social issues?

If you answered yes to any of these questions, Indiana Campus Compact may be able to help you along your journey to successful social innovation.

The Social Innovation Microlending Program provides an opportunity to alums and students to obtain capital for their social venture. In addition, this program provides entrepreneurs with consultation, resources, and professional development through our events, programs, and partnerships with local community organizations.

Loan amounts up to $50,000

*This program is made possible by a partnership between Bankable (on behalf of the Indiana Small Business Administration) and Indiana Campus Compact.

Items of note:

  • The Social Innovation Microlending Program is a loan program, and as such, individuals receiving funds from Bankable will have to repay the loan.
  • Loan amounts vary from $500 to $50,000 (a typical loan amount will range from $5,000 to $10,000).
  • Indiana Campus Compact is not the loan provider and does not monitor loan payments or defaults. The organization is not responsible for any damages that may occur to due loan financing.

Who Should Apply:

Any alum of any Campus Compact institution who resides in Indiana

Any Student of any Indiana Campus Compact institution

Application Deadlines & Project Timelines

Applications are accepted on a rolling basis.

Please note:

This application is step one of a three-step process. Steps two and three (step two: application submission to Bankable; step three: secure collateral, process payments, and manage collections) are handled through our partner Bankable.

Submission Process

Applications should be submitted as a single PDF file, to contactus {at} incampuscompact(.)org.

  • All applications will be reviewed by an advisory committee. Please allow 6-weeks for review and feedback. This review process also includes a point-by-point grading of your financial strength and a feedback report on your financial strength and likelihood of receiving funds through Bankable.
  • Applicants who have successfully passed the committee review process will be contacted directly by Bankable in order to complete steps two and three of the application process. In addition, Indiana Campus Compact will provide any feedback the committee provided.
  • You will have the opportunity to make changes to your application or financial information and re-submit to Indiana Campus Compact should the committee provide suggestions for strengthening your application.

Looking for Assistance?

Contact us to learn more or to discuss grant ideas; Indiana Campus Compact partners get the benefit of our team's expertise in navigating the grant application process, every step of the way.

Additional Documents

FAQ

Find answers to the most commonly asked questions.

Inspiration

Need ideas to kick-start your project? View our collection of other Social Innovation Projects.

Resources

View our collection of resources to help you along the way.