The Loan Fund welcomes religious investors of all faiths.
Today 20 religious investors provide 8% or $731,000, of the Loan Fund's total available loan capital for lending. Investments by religious investors range in size from $1,000 to $250,000 and come from all parts of Florida and the U.S.
Investments made by communities of faith earn a 2-3% return on their investments over a 7-10 year period in addition to the satisfaction of knowing that their investments are working to demonstrate through social action the compassionate and humanitarian tenets of their faith.
Religious investors provide the Loan fund with the "patient capital" that enables the Loan Fund to participate in supporting its most important, high risk, and critical social impact projects. Community projects such, as housing for Florida farm worker families, childcare for families with HIV/AID's, homes for teen mothers, residential drug and alcohol treatment centers, elder care and senior citizen housing.
By relying on the underwriting skill and experience of the Loan Fund's professional staff, religious investors can trust that their investments will not only meet important charitable human needs but rest on sound financial management and business-like practices. Their investments are also protected by the Loan Fund's relatively conservative stewardship of its investment and loan portfolios which ensures the long term stability of the Loan Fund and minimizes loan losses.
The Loan Fund's first investment capital was provided by the "widow's mites" of religious Catholic orders of nuns as tithings from their religious community's pension funds.
These religious orders were quickly joined by all seven of Florida's Catholic Dioceses, and by contributions from other religious denominations, including the United Unitarian Universalists and the Lutheran Church-Missouri Synod. Presbyterian Church USA parishes, as well as individual Catholic Dioceses, have taken the lead in providing or pledging additional loan capital for specific community projects as collateral for Loan Fund loans.
Since the Loan Fund's inception in 1996, 95% of all religious investors have renewed their initial investments in the Loan Fund. We are grateful to have kept their faith and renewed confidence in our work.
If your church, synagogue or religious order:
Is working on a community project in Florida's low-income communities that could benefit from working with the Loan Fund,
Would like to learn more about investing in the Loan Fund, or
Have the Loan Fund make a presentation as part of your social ministry programs