4-H / FFA Special Project Loans What is the MRRC loan? Michigan Rural Rehabilitation Corporation is offering low interest loans to members of 4-H and FFA to assist them in the purchase of their animal projects for county and state fairs. Maximum loan amounts vary from $250 to $1000 depending on the projects. There is no minimum amount. Loans may be secured for any animal project for show and sale including steer, hogs, sheep, etc. Loans may also be obtained to assist in the purchase of a dairy, breeder, horse or crop project if an applicant can provide a reasonable method of repayment for the loan. What is the Michigan Rural Rehabilitation Corporation? Michigan Rural Rehabilitation Corporation is a nonprofit corporation that is dedicated to serving rural Michigan communities. MRRC is principally engaged in making education loans for college and trade schools to members of Michigan farm and rural families. A limited number of agriculturally related loans are also available. In addition, MRRC participates in the B.O.M.C grants to FFA chapters and/or loans to FFA chapters for various projects. Small grants and/or loans are also available to 4-H groups or other bona fide groups involved in agriculture endeavors. The 4-H/FFA Special Project Loans are made available in a effort to assist Michigan youth who wish to gain first-hand knowledge about agriculture and its importance to mankind. Who is eligible to borrow? Any member of a Michigan 4-H or FFA chapter with a valid project will be considered. There is no age restriction. How do I apply? Applications may be obtained by contacting MRRC. Complete the application and return it to MRRC. Your 4-H leader, extension agent or FFA adviser will be required to verify your project. When your application is approved, you'll be asked to sign a promissory note. Your parents will be required to guarantee repayment of the loan as cosigners. You may contact us or request an application by clicking here. What is repayment expected? Funds are advanced to the borrower at 5% simple interest from the date of disbursement. Repayment is expected within 30 days from date of fair auction. Dairy, breeder, horse, or crop project repayment terms will be determined on an individual basis. Contact MRRC for details.

Copyright ? 2005 Michigan Rural Rehabilitation Corporation (MRRC). All Rights Reserved

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