Greetings Trinity Parishioners!
Here is our monthly update from the Sustainable Philanthropy Committee, part of the Mission and Outreach Commission. We have received a portion of the Parish’s Mission and Outreach budget so that we can make kiva loans to the poor around the world in support of the Millennium Development Goals. We call ourselves “sustainable” because as borrowers repay their loans, we can help more people with the same money.
We met in late June to establish our Mission and a loan process so that we can prayerfully be good stewards of the Parish’s assets. Since that time we have made:
• 52 loans in 23 countries of which 12 were funded by borrower repayments
• To date, our borrowers have a 2.9% delinquency (most delinquencies are cleared up within 60 days) and 0% default rate
• 2 loans were repaid and we expect 7 more loans will be fully repaid later this month
Check this space next month for more updates! If you feel inspired to make your own ($25) loans, go to kiva.org.
To see the loans that we have made, check out our lender page http://www.kiva.org/lender/trinitychurch9574