“Human industry is
of no avail unless
God is intimately
united with it.”

St. Vincent de Paul

 

YamilethTuiz Uias, selling fish in Granada market, with God Daughter Anita Jarquin 10 years old

Frequently Asked Questions

  • Low-income housing development
  • Community development efforts such as co-ops and land trusts
  • Business ventures that directly benefit low-income communities
  • Employment opportunities developed for worker-owned or minority enterprises
  • Environmental and sustainability projects

Who can qualify?

Loans are made to nonprofit organizations, financial institutions and for-profit organizations that benefit the poor and underserved. Loans are not made to individuals. Some of the criteria considered in reviewing applications include:

  • Will the poor and/or underserved benefit?
  • Is conventional or other financing unavailable?
  • Is there adequate financial stability and business planning?
  • Are just management practices in place?
  • Are the economically disadvantaged empowered to develop themselves and their communities?
  • Are low-income persons represented in management and board-level positions?

What are the terms of Fund loans?

The maximum loan is $150,000. The average loan is $100,000. Monies are loaned at a low interest rate (usually 3 percent per year) for a maximum of five years. All monies are available as loans—not grants.