Micro Loans
Our Loan Officer, David Cyril Saintime interviews one of the MicroLoan applicants from our neighborhood
MicroLoans Jump Start Economy
Since the devastating earthquake in Haiti, the need for jobs and economic development is greater than ever. In Third World countries around the world millions of small businesses have started with the help of MicroLoans.
Now, after an extended period of Research and Development, GloryWorks has begun a pilot MicroLoan program to help some of the families of our Kingdom Kids start small businesses in our neighborhood in Haiti.
$125 Donation Generates $300 In Loans!
A typical start-up loan is for $100. The client repays it in four months through weekly payments. Once the loan is repaid, we loan it AGAIN. Once that’s repaid, we loan it A THIRD TIME. We use the $25 for overhead.
Because it’s loaned three times, every $125 donated generates $300 in entrepreneurial loans! Every $500 donation generates $1200 in loans ! You can’t find a better investment!
After a client has successfully paid off their first loan in a timely manner, they will be eligible to apply for a larger, second loan. What a great way to put your dollars to work rebuilding Haiti, one family at a time.
What Are The Loans Used For?
Here are a few examples of the MicroLoans we have given out.
