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Christian Micro Loan FundPeople who start businesses must have some capital to begin, and so most need a business loan. But what if you were so poor that you had zero collateral and no banks would give you a loan? Such is the plight of many of the world's poor, including millions of honest and hard working followers of Jesus. Banks won't even lend them $200. Shouldn't their faith in Jesus, however, and a consistent testimony be enough collateral for fellow believers, like us, to trust them with a $200 loan? So far we've given several micro-loans to Peruvian Christian women. One of them is Dina Zotica Diaz de Arnao (top photo). She already has a small store in the front room of her little house, but her inventory is extremely limited. Along with the small income that her husband earns from scavenging and selling recyclables, they are just scraping by. Dina was overjoyed to receive a one-year loan of $200 that will enable her to significantly expand her inventory. Her pastor, Jose' Ernesto Castillo Medrano, has faith in her, and he is administrating her loan. The other Christian
women in Peru who received micro-loans from I Was Hungry also
have small businesses that they are now 100% of what we receive towards the Micro-Loan Fund is used to make small business loans to poor Christians who have a reputation of being hard-working and honest. All administrative costs are paid from the general fund of Heaven's Family. Our micro-loans are generally administrated by the borrower's pastor who is paid for administrating the loans by means of the interest earned. |
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