The Fountain Fund — Microloans for Formerly Incarcerated People
The Fountain Fund is a 501(c)(3) nonprofit lender that provides low-interest microloans and free financial coaching to formerly incarcerated individuals who would not qualify for traditional credit. Loans (up to $15,000) can be used for vocational training, education, small business startup, work equipment/clothing, paying off court-imposed fines, and stabilizing finances. As of 2025, the Fund has extended over 1,075 loans totaling nearly $5.5 million. Borrowers also receive one-on-one financial coaching to build credit and achieve self-determined goals. Serving Philadelphia, Boston, and additional growing regions.
Eligibility
Formerly incarcerated individuals with viable job prospects or entrepreneurial ventures who do not qualify for traditional credit. Must demonstrate a financial need and willingness to work toward financial goals.
Posted By
Posted August 2, 2026