CAA Microloan Program
Empowering Local Agriculture Through Financial Support
About the Microloan Program
Since its launch in fall 2019, the CAA Microloan Fund has been dedicated to providing direct economic support to local agriculture producers in NW Colorado. This innovative program offers low-interest microloans aimed at business expansion and specific agricultural projects. Funded entirely by private donations to ensure no operational funds are diverted from other CAA activities, the program has a track record of success, with 100% of loans being repaid on time and in full.
How the Program Works
Sustainable Support for Local Producers
Initial Funding
Started with a generous $10,000 donation, our revolving loan fund continues to grow with contributions from supporters who wish to have a direct impact on local agriculture.
Loan Details
Loans are offered at a low interest rate of 2.9%, ranging from small amounts up to $10,000, with terms varying from 3 months to 2 years.
Application Review
A committee of CAA Board members reviews applications, focusing on short-term, microloans for specific needs rather than general operating expenses, land purchases, or leases.
Project Ideas for Funding
Examples of What Your Loan Could Achieve
- Solar pumps for livestock watering
- Seed cover crops for rangeland or erosion control
- Planting trees for water, wind control, or animal habitat
- Upgrades to existing water control structures
- Fencing or electric fences for cross-fencing
- New spray nozzles or booms for precise application and reduced drift
Supporting Agriculture Water Projects
Project Coordination and Support
Following insights from the Yampa IWMP, CAA has utilized grant funding to coordinate agriculture water projects that benefit the overall river system. Our initiatives include:
- Development and upgrading of water diversion structures and headgates.
- Collaboration with local partners to enhance irrigation efficiency.
- Assistance in planning and designing irrigation systems.
- Identifying potential funding sources for agricultural water projects.
