Mercy Corps Northwest IDA Application Process

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We are happy that you are interested in joining the MCNW IDA program!

Please keep in mind: submitting an application doesn’t ensure acceptance. Priority consideration is given to applicants who face the greatest barriers to financial inclusion and asset accumulation. If you were not able to submit in time to be considered, never fear: a new application session will open in March 2021.  You can also look for another IDA provider in the Portland Metro area by clicking on this link.

Want to get ready for the next application period?

To download a paper version of our 2021 application, click here.

Take your prequalifying class: Applicants must have completed one of the following business classes within a year of applying (NOTE: If the class was taken outside of MCNW you will need to submit proof of attendance).

1) Mercy Corps NW Master Your Credit Seminar To register, click here.

2) Mercy Corps NW Business Foundations I: To view upcoming classes, click here.

3) Mercy Corps NW Business Foundations II (Rebuilding Your Foundations): To view upcoming classes, click here.

4) Mercy Corps NW Business Plan Workshop: To view upcoming classes, click here.

5) DevNW Business Development Classes: To view upcoming classes, click here.

Other business workshops may qualify. If you would like to find out if they do, please contact the IDA staff. If you would like to know more about the IDA and other MCNW programs, we recommend that you attend a Mercy Corps Northwest Orientation session, where you can learn about the IDA program in greater detail and have a chance to ask any questions you might have.


Checklist

With your application, you also must submit copies of the following…

For those who are current recipients of public assistance such as LIEAP, Public Housing, Section 8, SNAP, TANF, Low-Income Tax Credit properties, or WIC, you must include:

  • Documentation of participation in public assistance certified within the last 12 months on letterhead or some other official document
  • Copy of Oregon ID or Driver’s License (or utility bill/lease agreement)
  • If you are self-employed we need a copy of your Schedule C (Form 1040)
  • Optional: An explanation of any special circumstances to be considered

For those who are not receiving any of those forms of public assistance, your application must include:

  • Copy of Oregon ID or Driver’s License (or utility bill/lease agreement)
  • Last year’s business tax return (only if you were in business, a personal tax return is not required). If you are self-employed we need a copy of your Schedule C (Form 1040)
  • A month-long bank statement from February 2021 for every bank account in the household for anyone over the age of 18 (personal and business)
  • Proof of income eligibility from the last two months including one or more of the following for anyone over the age of 18
    • Pay stubs showing gross income
    • A letter of employment. If you do not receive pay stubs or are working “under the table,” please provide a letter that includes the following information: your name, hours worked over the last two months/pay rate, and signature of employer.
    • A 2-month profit and loss statement if you have income from self-employment. A profit and loss sheet should show all of your business expenses, which are then subtracted from your gross sales to show your profit. It doesn’t have to be fancy, but it should allow us to understand how much you are bringing home from your self-employment.
  • An explanation of any special circumstances to be considered (no more than half a page, please)

In some cases, we reserve the right to ask for detailed personal and business bank statements for the past 2 months for all household members (must have name and account number on the top).

IDA applications will not be considered unless the application is fully filled out (including short essay questions) and ALL required documents are submitted. If you are filling out the application online, you should scan the documents in advance and have them ready to upload to your application. Your application will not be considered unless all documents are attached.

To access a quick pre-qualifying form, click here.

CONTACT INFORMATION
[email protected]