Local Emergency Microloans

Local Emergency Microloans

The Emergency Microloan Fund (EMLF) came into being in 2011, through the generosity of a single donor.  This $17,000 fund is managed by a committee that reviews applications for emergency assistance from employees of certain CCVI ministries.  A contact person at each institution explains the program, collects the applications, and collects monthly payments.  The need can be for a car repair, large utility bill, down payment on a car or other emergency situation for which the employee does not have resources.  Most loans are about $500.  There is a 2% administrative fee, but no interest is charged.  Most borrowers pay their loan back in less than a year.

In 2011, 4 employees received loans.  That number has increased each year with 14 loans being granted in 2014.  Since the program’s inception, less than 5% have not paid back their loans.

In the future, plans are to offer financial literacy classes for employees and expand awareness of the loan fund’s availability for emergencies.





Our Mission

The mission of Women’s Global Connection is to promote the learning and leadership capacity of women locally and globally, particularly in the least advantaged regions and countries.