500 Loans in 600 Days
Since we began Wellshire Microfinance on September 28, 2011 with $500 seed money, we have grown steadily. Some months have been blockbusters and some have been "lean," but we have always grown. On May 20, 2013, WMF made its 500th loan in 600 days. This has truly been a team effort. For that we give thanks. The recipient of our 500th loan is the KUMBOEDZA CHINEMBIRI GROUP in Zimbabwe. They will use the money to restock their grocery store.
The value of the loans we have made now stands at $12,850. Of course, that doesn't mean that we've contributed this much. The money that we invested back in 2011 and early 2012 has been reinvested in new loans as they are paid back. Some of our early money has now been invested two additional times. That's the beauty of microlending: the value of our investment can be multiplied many times over if we keep reinvesting our loan paybacks. The model we can use is the Parable of the Talents. When we invest in God's children, God says, "Well done, good and faithful servant."
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
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