UUS/ELLI Off to Flying Start!
The UUS/ELLI (Equitable Local Lending Initiative) microloan program is off to a flying start! The fund has proven to be a vital resource, supporting both urgent household needs and entrepreneurial ventures in various small businesses that were otherwise unable to secure funding from traditional lenders.
Why Microlending?
Microlending is a proven means of equitably growing participation in the local economy by underserved populations. UUS/ELLI is committed to pursuing this new avenue of economic justice work in our community and grounding it in our core values: Justice, Equity, Transformation, Pluralism, Inclusion/Interdependence, and Generosity.
UUS is collaborating with the Multicultural Development Center of Iowa (MDCI), to create community synergy and amplify their ongoing efforts. With MDCI, we are supporting local business development, helping build financial literacy, fostering networking and collaboration, all of which empower women, youth, low-income and underserved groups to achieve greater economic stability and impact in the community and region.
Funding Success
As of June 2025, the UUS ELLI monies have funded eight loans. These have assisted people like Maria, a food service entrepreneur. After losing her job during a restaurant closure, Maria applied for a microloan to help launch her own Mexican/Honduran food takeout service. The loan will help her secure a food license, purchase commercial equipment, and market the launch of her business. With this business, Maria hopes to provide for her family and bring part of her culture to Iowa City.
Watch this space for more inspiring stories about the impact of UUS’ microloan program. You are invited to learn more about, support, and participate in the project, including at a Social Justice table in the Fellowship Hall on July 13, and a ‘Big Event’ a little later in the year.
