To establish the criteria for making a grant to a microloan delivery organization, the authority shall consider the following:
- (1) The microloan delivery organization's plan for providing business development services and microloans to microenterprises.
- (2) The scope of services provided by the microloan delivery organization.
- (3) The microloan delivery organization's plan for coordinating the services and loans provided under this chapter with those provided by commercial lending institutions.
- (4) The geographic representation of all regions of Indiana, including both urban and rural communities and neighborhoods.
- (5) The microloan delivery organization's emphasis on supporting female and minority entrepreneurs.
- (6) The ability of the microloan delivery organization to provide business training and technical assistance to microenterprises.
- (7) The ability of the microloan delivery organization to monitor and provide financial oversight of recipients of microloans.
- (8) The sources and sufficiency of the microloan delivery organization's operating funds.
As added by P.L.87-2011, SEC.2.