Partner with Us
The Microfund's goal is to offer interest-free loans to members of the community who encounter a one time unexpected financial obstacle. We prefer our loan recipients to be referred by a partner. We cannot consider loans in excess of $2000.
We can partner with employers, social service agencies, and faith based institutions. Consider referring a loan applicant to us if:
You know and trust the person.
You know how the person plans to use the loan, and that there is a legitimate need
You understand how the Microfund works and believe in the mission of the Microfund.
Loans cannot be granted for ongoing living expenses such as utilities, phone bills, car payments, rent, food, or other recurring expenses. Referral is no guarantee that an applicant will be granted a loan. The screening committee retains the ultimate authority to grant loans.
The Partnering Agency Has No Financial Liability!
A monthly repayment schedule is required in the agreement. All loans must be repaid within twenty-four months. Repayments make funds available for others who need them. Applicants must sign an agreement promising to repay the loan.
As a partner you will:
Help to follow up with the loan recipient as necessary
Inform the Micro Fund if the loan recipient runs into unexpected problems; it is possible that a revised repayment agreement be arranged
Inform the Micro Fund if you are aware that the loan recipient changes his/her address or phone number.
When repayments are complete, the loan recipient may request a letter that can be used to help establish their credit rating.