REAP News

REAP Lending: Over Half a Million in Loans Made

REAP loan programming had an exceptional year from July 1, 2008, to June 30, 2009. We placed 52 loans totaling $572,300 during this time frame. Of this total, one loan of $950 was placed through the Quick Grow Express Loan, 22 loans totaling $83,650 were placed with the REAP Rapid Loan, and 29 loans totaling $487,700 were placed through the REAP Direct Loan.

REAP Women’s Business Center Year in Review

The REAP Women’s Business Center (WBC) turned eight in October 2008. That date also marked the 3rd year of our sustainability funding. Through ¾ of the year, REAP business specialists have provided 1,672 hours of business counseling to 380 clients. Seventy-three training opportunities were offered, reaching 1,084 people – 60 percent women. Approximately 62 start-up businesses have received assistance.

Hispanic Business Center: Expanded REAP Services

Phase four of the REAP Hispanic Business Center (HBC) officially started July 1, 2008. The Hispanic Business Center’s goal is to create new economic opportunity, higher incomes, asset growth, and improved skills for rural Hispanic entrepreneurs. Services are available to Hispanic entrepreneurs across all of rural Nebraska, wherever they may reside.

New Web Initiatives Allow for Better Service

REAP strives to be on the cutting edge of microenterprise. We take pride in the new initiatives offered this year and in those planned for the future. In the last year, we completely redesigned our online services. The REAP website features an updated look with easier navigation.

REAP Organizing 2008-2009

In the last year, REAP groups have formed in several communities. An Hispanic Roundtable was created in Lexington, and several I2E Clubs have taken shape in Southwest/Central Nebraska in collaboration with the PK Partnership. Clubs are based in Minden, Holdrege, McCook and Hastings. We are also a continuing partner in Nebraska City’s I2E Club. I2E is an acronym for Investors, Inventors and Entrepreneurs.

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