HPUMC's Community Loan Program started in 2009 when one of our members, Rodger Gruenwald, saw the need to give people in the Philippines the opportunity to start their own businesses. Rodger worked with the Wesley Foundation there to develop a program to give small loans as well as business training and support to entrepreneurs living in poverty who would otherwise not qualify for traditional loans.
Since that time, HPUMC's Community Loan Program has offered small loans (also known as micro-loans or micro-finance), business training and counseling to entrepreneurs in developing countries in order to lift them and their families from poverty. The borrower repays the loan with interest, which in turn grows the capital base allowing for more loans to be extended.
Our program invests in communities, transforms lives, and restores dignity and hope for a bright future of each borrower. These microloans empower borrowers to provide food and shelter for their families, and give their children the opportunity to gain an education, instead of being forced to miss school to earn money. Many borrowers stay in their communities to be examples for their neighbors.