Federal grants to Prosperus Detroit Micro Lending
Prosperus Detroit Micro Lending in Detroit, Michigan received $2.8 million in federal grants from fiscal 2021 to 2025, across 9 awards. Its largest program was Congressional Grants, with $1.0 million. In fiscal 2025 it was awarded $100,000.
From USAspending.gov award records, updated October 31, 2026.
- Grants, FY 2021 to 2025$2.8 million
- Awards9
- Awarded in FY 2025$100,000
- Largest award$1.0 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 3 | $460,000 |
| FY 2022 | 2 | $1.2 million |
| FY 2023 | 1 | $500,000 |
| FY 2024 | 1 | $550,000 |
| FY 2025 | 2 | $100,000 |
Programs that fund Prosperus Detroit Micro Lending
| Program | Awards | Amount |
|---|---|---|
| Congressional Grants | 1 | $1.0 million |
| Community Development Financial Institutions Program | 2 | $675,000 |
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $500,000 |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $200,000 |
| Prime Technical Assistance | 1 | $200,000 |
| Small Dollar Loan Program | 1 | $135,000 |
| Microloan Program | 2 | $100,000 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 5 | $1.5 million |
| Small Business Administration | 4 | $1.3 million |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| FY22 congressional community project funding prosperus detroit micro lending | Congressional Grants | September 19, 2022 | $1.0 million |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | September 26, 2024 | $550,000 |
| Purpose: to provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand lending, grant making and investment activities in low or moderate income communities and to borrowers that have historically experienced significant unmet capital and financial | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $500,000 |
| FY22 prime technical assistance prosperus detroit micro lending | Prime Technical Assistance | September 20, 2022 | $200,000 |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $200,000 |
| Purpose: to provide an alternative to high-cost small dollar loans, as well as help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system. Activities to be performed: through the sdl program, the cdfi fund will pro | Small Dollar Loan Program | September 23, 2021 | $135,000 |
| Purpose: to promote economic revitalization and community development through investment in and assistance to community development financial institutions (CDFIS) and emerging cdfis. Activities to be performed: technical assistance must be used for the following eligible activities subject to the ap | Community Development Financial Institutions Program | September 16, 2021 | $125,000 |
| Prosperus detroit micro lending - mi to assist all entrepreneurs business owners and other individuals possessing the capability to operate successful business concerns and to assist small business concerns in those areas suffering from a lack of credit due to economic downturns under the program th | Microloan Program | September 19, 2025 | $50,000 |
| Prosperus detroit micro lending - mi shell award | Microloan Program | June 13, 2025 | $50,000 |
Questions people ask
How much federal grant money does Prosperus Detroit Micro Lending get?
$2.8 million in 9 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Prosperus Detroit Micro Lending the most?
The Department of the Treasury, with $1.5 million in 5 awards. The Small Business Administration follow.
What is Prosperus Detroit Micro Lending's largest federal grant?
$1.0 million under Congressional Grants, with its first action in the period on September 19, 2022. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Prosperus Detroit Micro Lending?
Its largest are Congressional Grants, Community Development Financial Institutions Program and Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP).
Other grant recipients in Detroit
- City of Detroit
- Wayne State University
- Wayne County Airport Authority
- City of Detroit
- Suburban Mobility Authority for Regional Transportation
- Matrix Human Services
- Detroit Housing Commission
- Wayne Metropolitan Community Action Agency
Largest federal grant recipients in Michigan · Federal grants in Michigan