We have begun our fourth year with an outstanding month. Our members invested in 68 loans worth $1,725. We had loans made by our committee, the Pioneers, and Club 45, in addition to many loans made by individuals. Many thanks to all who contributed. It was a team effort.
September was also a transition month for WMF. Katy Fink-Johnson has graciously volunteered to take over as moderator. She brings energy, enthusiasm for microfinance, and dedication. I have no doubt that WMF will continue to grow under her leadership. Please support her in her new calling.
I am stepping aside after three years as moderator, but I intend to continue as an active member of WMF. It has been a blessing in my life to watch WMF grow into a viable organization in the fight against worldwide poverty. I want to personally thank all of you who helped WMF succeed.
Wes Smits
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 29, 2014
Tuesday, September 2, 2014
Report for August 2014
August was a slow month for WMF. We made seven loans worth $175. Our cumulative totals are now 1082 loans worth $28,175. That is not surprising, since July was a record month. Nonetheless, now might be a good time to check our portfolios for loan paybacks which we can invest in new loans. When you make a new loan, Kiva will automatically subtract your account balance from the cost of a new loan.
At our next meeting on Thursday,September 18, we will have a balance of at least $281 to invest in new loans. The balance will probably be much higher by that time. Everyone is welcome to join us at 12:00 pm at Wellshire Church for our meeting.
At our next meeting on Thursday,September 18, we will have a balance of at least $281 to invest in new loans. The balance will probably be much higher by that time. Everyone is welcome to join us at 12:00 pm at Wellshire Church for our meeting.
Monday, August 18, 2014
July Was a Record Month!
After a slowdown in June, we stepped up in July with a record month for loans. Our members came through with 75 loans. At our meeting in June, we made 18 loans, all from loan paybacks. Our cumulative totals through July are 1,075 loans worth $28,000. Our members remain committed to helping the poor improve their economic circumstances. We are grateful for your continued efforts to supply a cup of cold water to those who live in poverty around the world.
Friday, June 27, 2014
Summer is a bit slow...
Since the beginning of May, lending has slowed down a bit. We have made 31 loans worth $775. We did not have a June meeting, so there will be over $300 in loan paybacks to invest at our July meeting on July 17. Currently, we have made 999 loans since the beginning less than 3 years ago. It will be a time of thanks when we pass 1,000 loans.
Friday, May 2, 2014
Our Faithful Members
The fact that we didn't hold a meeting in April did not slow down our members. Our investments totaled 49 loans worth $1,250. Our members took the initiative to invest without prompting. It's clear that we view KIVA as a very efficacious program to help fight poverty in the world. Since our start in September 2012, we have made a total of 968 loans worth $25,275. Thank you to all who participated. We pray for God's blessing on the people to whom we've made loans.
Wednesday, April 2, 2014
March was a very good month for Wellshire Microfinance
Because of some generous donations, our group was able to make 53 loans this month worth $1,375. In addition, the loans from donations plus loan paybacks and individual efforts, put us over 900 loans. Our cumulative totals are 919 loans worth $24,025. We are very grateful for everyone's efforts to keep Wellshire Microfinance making an impact.
At our April meeting on Thursday, April 17, we will continue to invest from our restricted funds and from our loan paybacks. It would be wonderful if we can hit 1,000 loans by September 28, which will be our third anniversary. We might even be able to make 1,000 loans in 1,000 days. What a blessing this opportunity is!
Tuesday, March 25, 2014
March 2014 Recap
On Thursday, March 20, we were able to invest a sizable amount of our restricted fund from donations. We made 18 loans (approx. $500). In addition, we made 6 loans from our loan paybacks. Curtis and I had to reassign seven loans on Friday because of problems with PayPal. PayPal did not let Kiva know what the $500 was to be used for, so Kiva assigned it to our credit account. Fortunately, 11 of our loans were still available, but we had to make substitutions for seven of our loans. We chose loans very similar to the ones we couldn't retrieve.
The 24 loans we were able to make pushed our cumulative total to 906 loans worth $23,625. Alleluia! We are on pace for another very good month.
The 24 loans we were able to make pushed our cumulative total to 906 loans worth $23,625. Alleluia! We are on pace for another very good month.
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