RTPark Community Impact Fund Announces Second Year of Crucian Christmas Festival Microloan Program
PRESS RELEASE
FOR IMMEDIATE RELEASE
CHRISTIANSTED, ST. CROIX, U.S. VIRGIN ISLANDS – October 19, 2026
ST. CROIX, U.S. VIRGIN ISLANDS — The RTPark Community Impact Fund (CIF) is pleased to announce the return of its Crucian Christmas Festival Microloan Program for a second consecutive year. Beginning October 19, 2026, eligible entrepreneurs and small businesses preparing for the upcoming Crucian Christmas Festival can apply for microloans ranging from $5,000 to $15,000.
The program reflects the CIF's ongoing commitment to expanding access to capital for local entrepreneurs while supporting the cultural traditions and economic activities that contribute to the vitality of the U.S. Virgin Islands.
The Crucian Christmas Festival represents more than a cherished cultural celebration. It is also an important economic driver, creating seasonal business opportunities for vendors, food service operators, artisans, and other small businesses that contribute to the festival experience. Through this targeted financing initiative, the CIF seeks to ensure that local entrepreneurs have greater access to the working capital needed to prepare for and participate in these opportunities.
Now entering its second year, the program builds upon the CIF's experience providing financing tailored to the unique needs of festival-based enterprises. By recognizing the seasonal nature of these businesses and the financial demands associated with festival preparation, the CIF continues to demonstrate the importance of developing lending products that respond to the economic and cultural realities of the Territory.
"Our return to the Crucian Christmas Festival for a second year represents an important step in the evolution of the Community Impact Fund," said Dr. Pat Morris, Executive Director of the CIF. "We recognize that economic development in the Virgin Islands must be grounded in the realities of our communities. The festival is an important part of our cultural identity, and it is also a meaningful economic opportunity for entrepreneurs and small businesses. Through this program, we are demonstrating how accessible, community-focused financing can support local enterprise, preserve cultural traditions, and strengthen our economy."
The launch comes at a significant time in the CIF's institutional development. As an emerging Community Development Financial Institution (CDFI), the CIF is working to expand its lending capacity, strengthen its financial infrastructure, and establish itself as a trusted source of capital for underserved businesses and communities throughout St. Croix, St. Thomas, and St. John.
The Crucian Christmas Festival Microloan Program is one example of the CIF's broader strategy to develop financial products that address gaps in traditional lending, particularly for small businesses operating within the Territory's seasonal, cultural, and community-based economies.
Applications Open October 19. Applications for the 2026 Crucian Christmas Festival Microloan Program will open on Monday, October 19, 2026. Eligible applicants may request financing ranging from $5,000 to $15,000 to support qualifying business needs, including inventory, equipment, supplies, and other festival-related operating expenses.
To assist prospective applicants, the CIF will host an in-person information session where entrepreneurs can learn more about the program, application process, and financing requirements.
Crucian Christmas Festival Microloan Information Session
Date: Thursday, November 5, 2026
Time: 6:30 PM
Location: RTPark / Community Impact Fund
64 West Palm Drive, 2nd Floor, Kingshill, St. Croix, USVI
Interested entrepreneurs are encouraged to attend the session, ask questions, and begin preparing their applications.
For additional information about the program and how to apply, visit www.cifvi.org or contact the Community Impact Fund at (340) 249-0720.
About the RTPark Community Impact Fund. Established in 2021 by the University of the Virgin Islands Research and Technology Park (RTPark), the Community Impact Fund is a 501(c)(3) nonprofit organization dedicated to driving economic growth, community development, and financial empowerment throughout the U.S. Virgin Islands.
As an emerging Community Development Financial Institution, the CIF works to address barriers to capital by providing accessible financial products and services that support underserved entrepreneurs, small businesses, and community-based organizations. Through its lending programs, technical assistance, and strategic partnerships, the CIF is building a foundation for a more inclusive, diversified, and resilient Virgin Islands economy.
Media Contact:
Omi Pennick, Partnership Manager
RTPark Community Impact Fund
64 West Palm Drive, 2nd Floor
Kingshill, St. Croix, USVI 00850
Email: omi.pennick@cifvi.org
Phone: (340) 249-0720
Website: www.cifvi.org
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