Microenterprise Development
Program Frequently Asked Questions
1. Will the information contained in my Business Proposal and anything disclosed in my personal interview be kept confidential?
The program interviewers and mentors will keep all information disclosed to them in writing or in person strictly confidential.
2. I’m employed as a pharmacist and am interested in starting my own business. Am I eligible to apply?
No. The program does not support highly-paid professionals or new graduates in well-compensated professions who aspire to own their own practice/business.
3. I’m a hairdresser working for a salon. I would like to start my own business. Am I eligible to apply?
Yes.
4. I’ve opened a store that generates enough profit to support my family. I would like to expand my business but the bank will not make me a loan. Am I eligible to apply?
Yes.
5. Can I borrow all the funds I need to open or expand my business through the Microenterprise Program?
We generally require that Microenterprise Program participants contribute at least 20% of the funding required to open/expand a business from their own funds.
6. How long does your process take?
HFLS staff will be in touch with you within a week of your submission of a Business Proposal Form. The nature and duration of the services you receive through the Microenterprise Program will depend on your particular situation.