Micro-loans are a proven means of helping the poorest of the world’s poor rise from poverty with dignity.
People 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?
Dina Zotica Diaz de Arnao is a Peruvian Christian woman who has benefitted with a micro-loan. 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 Heaven’s Family also have small businesses that they are now expanding with our help. When their loans are repaid, the funds will be loaned to other hard-working believers. Micro-loans are a proven means of helping the poorest of the world’s poor rise from poverty with dignity.
Donations to the Micro-Loan Ministry are used for program expenses related to making small business loans primarily to poor Christians who have a reputation of being hard-working and honest in restricted and impoverished nations. Our micro-bankers who are committed believers of Jesus Christ will occasionally extend loans to non-belivers to support their local ministry outreach. All fundraising and general/management expenses are paid from 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.