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Federal Register / Vol. 86, No. 92 / Friday, May 14, 2021 / Rules and Regulations parts of your policy and procedures manual that deal with the provision of loans, management of loan funds, and provision of TA. Up to 5 points will be awarded.
5 The applicants most recent, and two-years previous, financial statements. Points will be awarded based on the demonstrated ability of the applicant to maintain or grow its fund balance, its ability to manage one or more federal programs, and its capacity to manage multiple funding sources, including restricted and non-restricted funding sources, income, earnings, and expenditures. Up to 10 points will be awarded.
6 A copy of the applicants organizational mission statement. The mission statement will be rated based on its relative connectivity to microenterprise development and general economic development and may or may not be a part of a larger statement. Up to 5 points will be awarded.
7 Information regarding the geographic service area to be served, which must be rural as defined, and include the number of counties or other jurisdictions to be served. Note that the applicant will not be scored on the size of the service area, but on its ability to fully cover the service area as described.
Up to 10 points will be awarded.
b Program loan application requirements for MDOs seeking to participate as RMAP microlenders with more than 3 years of experience. In addition to the information required under paragraph a of this section, applicants with more than three 3
years of experience as a microlender, including non-RMAP microloans, must also provide the information specified in paragraphs b1 through 5 of this section. The total number of points available under this section in addition to the up to 45 points available in paragraph a of this section is 55.
1 History of provision of microloans.
The applicant must provide data regarding its history of making microloans for the three years previous to this application by answering the questions in paragraphs b1i through v of this section. This information should be provided clearly and concisely in numerical format as the data will be used to calculate points as noted. Up to a maximum of 20 points may be awarded under this criterion.
i Number and amount of microloans made during each of the three previous years.
ii Number and amount of microloans made in rural areas, as defined, in each of the three years prior to the year in which the application is submitted. If
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the history of providing microloans in rural areas shows at least one loan made in:
A Three or more consecutive years immediately prior to the application, 5
points will be awarded;
B At least two of the years but not more than the three consecutive years immediately prior to this application, 3
points will be awarded;
C At least 6 months, but not more than one year immediately prior to this application, 1 point will be awarded.
iii Calculate and enter the total number of microloans made in rural areas as a percentage of the total number of all microloans made for each of the past three years. If the percentage of the total number of microloans made in rural areas is:
A 75 percent or more, 5 points will be awarded;
B At least 50 percent but less than 75 percent, 3 points will be awarded;
C At least 25 percent but less than 50 percent, 1 point will be awarded.
iv Enter the dollar amount of microloans made in rural areas as a percentage of the dollar amount of the total portfolio rural and non-rural of microloans made for each of the previous three years. If the percentage of the dollar amount of the microloans made in rural areas is:
A 75 percent or more of the total amount, 5 points will be awarded;
B At least 50 percent but less than 75 percent, 3 points will be awarded;
C At least 25 percent but less than 50 percent, 1 point will be awarded.
v Each applicant shall compare the diversity of its entire microloan portfolio to the demographic makeup of its service area as determined by the latest applicable decennial census for the state based on the number of microloans made during the three years preceding the subject application.
Demographic groups shall include gender, racial and ethnic minority status, and disability as defined in the Americans with Disabilities Act. Points will be awarded on the basis of how close the MDOs microloan portfolio matches the demographic makeup of its service area. A maximum of 5 points will be awarded.
A If at least one loan has been made to each of the three demographic groups and if the percentage of loans made to each demographic group is 5 percent or less of their demographic makeup, 5
points will be awarded.
B If at least one loan has been made to each demographic group and if the percentage of loans made to each demographic group is each between 5 to 10 percent or less of the demographic makeup, 3 points will be awarded.

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C If at least one loan has been made to each demographic group and if the percentage of loans made to one or more of the demographic groups is greater than 10 percent of the demographic makeup, 1 point will be awarded.
D If no loans have been made to two or more demographic groups, no points will be awarded.
2 Portfolio management. The applicants ability to manage its portfolio will be determined based on the data provided in response to paragraphs b2i and ii of this section and scored accordingly. The maximum number of points under this criterion is 10.
i Enter the total number of the applicants microloans paying on time for the three previous years. If the total number of microloans paying on time at the end of each year over the prior three years is:
A 95 percent or more, 5 points will be awarded;
B At least 85 percent but less than 95 percent, 3 points will be awarded;
C Less than 85 percent, 0 points will be awarded.
ii Enter the total number of microloans currently 30 to 90 days in arrears, or that have been written off over the three previous years. If the total number of these microloans is:
A 5 percent or less of the total portfolio, 5 points will be awarded;
B More than 5 percent, 0 points will be awarded.
3 History of provision of technical assistance. The Applicants history of provision of TA to microentrepreneurs and microenterprises, and its ability to reach diverse communities, will be scored based on the data specified in paragraphs b3i through iii of this section. Applicants may use a chart to provide this information as they deem appropriate. The maximum number of points under this criterion is 15.
i Provide the total number of rural and non-rural microentrepreneurs and microenterprises that received both microloans and TA services for each of the previous three years. Of this total number, provide the percentage of rural microentrepreneurs and rural microenterprises that received both microloans and TA services for each of the previous three years. If the provision of both microloans and TA services to rural microentrepreneurs and rural microenterprises is demonstrated at a rate of:
A 75 percent or more, 5 points will be awarded;
B At least 50 percent but less than 75 percent, 3 points will be awarded;
C At least 25 percent but less than 50 percent, 1 point will be awarded.

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