Microenterprise in Washington State Results of a survey conducted December 2005 Presented at the WSMA Regional Meeting January 11, 2006 Olympia, WA
About the Survey The survey was ed to 81 individuals The survey was ed to 81 individuals 51 organizations were represented in the list 51 organizations were represented in the list Total responses received: Total responses received: 34 individuals (42%) 32 organizations (63%)
How long has your organization been in operation?
Top 3 Organizational Objectives
How important are these external supports?
How many clients does your program serve each year?
What are your target markets?
Does your organization offer loans or other financial products?
Number of loans in 2005 (10 respondents)
Loan Amounts Smallest lender: Smallest lender: $250 to $50,000 Largest lender: Largest lender: $35 million to $160 million $35,000 or less is considered a microloan.
When do you offer these services?
Financial Products Offered
Business Sectors Served and Financed
Percentage served per sector
Is your program statewide, county- focused, or city-specific?
What should the WSMA do?
Summary The WA State Microenterprise Industry: Is seasoned (5 to more than 10 years per org.) Is seasoned (5 to more than 10 years per org.) Has sustainability challenges Has sustainability challenges Is generally served by orgs. providing at state or county levels Is generally served by orgs. providing at state or county levels Wants to pool resources Wants to pool resources Needs state-level funding for technical assistance and lending Needs state-level funding for technical assistance and lending Wants/needs to maximize capacity Wants/needs to maximize capacity