Wellshire Church partners with KIVA, an international program committed to alleviating poverty and creating opportunity through interpersonal lending. Wellshire Microfinance is open to all, so please feel free to join and contribute! "... what does the Lord require of you but to do justice, and to love kindness, and to walk humbly with your God?" -- Micah 6:8
Monday, September 10, 2012
September 9, 2012: A Very Special Day for Wellshire Microfinance
Sunday, September 9 was a very special day for Wellshire Microfinance. Due to the generosity of some of our team members, our team surpassed 200 microloans. Amazing! Incredible! Totally awesome! A marvelous reason to give thanks!
Back on May 10, when we recorded our 100th loan, I wrote in this blog that it would be wonderful if in the next seven months we could make another 100 loans. We did it in four months! What a team! We won't hit our first anniversary until September 28.
Heartfelt thanks to all of you for your interest, enthusiasm, and dedication to WMF!
Blessings to all of you.
Wes Smits
The Future of Wellshire Microfinance
Because our results are dependent on our team members, we would like to increase the size of our team. Our current team members are willing to help you set up an account online, or you can donate to Wellshire Microfinance. Either way your money will be invested in poor people all over the world. Not only does your investment help one person or family, but the money can be reinvested over and over as loans are paid off. That's the beautiful part of this partnership with Kiva.
The Numbers Year to Date
After 11 months of activity, here are the totals: 37 team members, 195 microloans worth $5275 in 45 countries. These results are reasons for thanks and praise to God. Our initial seed money of $500 has increased 10 fold through the generosity of our team members. When you analyze the numbers, the most important number is 37 team members. Their interest and generous support made this possible.
A Record Month
When we first began Wellshire Microfinance, the possibility that microfinance might be a fad that would soon fade away was in the back of some peoples' minds. However, our August results would seem to allay those doubts. On August 23, our team made 18 microloans at our meeting. We had four new people present who were interested in microfinance. The 18 loans were the most we have ever made at one meeting. In the two days after the meeting, 3 more loans came through that were related to our meeting. Even more encouraging, during the month of August, an equal number of loans were made by team members on their own without any prompting from the team. Our total for August is 41 loans worth $1025. We want to thank all our dedicated, enthusiastic, generous team members for making this possible. These results convince me that Wellshire Microfinance is not a fad.
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