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Monday, October 5, 2015

September 2015 recap

The faithful members of the Wellshire Microfinance Committee gathered on Thursday, September 17. We had a very productive session, using our loan payback money to make seven $50 loans. We lent money to people in El Salvador, Tajikistan, Timor-Leste, Haiti, Philippines, Colombia, and Myanmar. We then used $500 of the restricted funds to fund seven more loans to people in Vietnam, Haiti, Albania, Uganda, Cambodia, and El Salvador.

A motion was made to use the remaining money in the restricted account to purchase the gift cards to sell at the Alternative Christmas Market. Last year, a member of the committee purchased $250 worth of gift cards, some of which we sold, others we used to make loans at our meetings. People think this is an OK idea but only want to buy 5 instead of 10.

The Microfinance Committee has been asked to make a presentation during the Christian Education Hour at 9:55 am about what we do and where we spend our money. That presentation will be on Sunday, November 1.

Our next scheduled meeting is Thursday, November 19 at 12:00 pm at Wellshire.

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