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The Impact of Microloans

Impact

July 23, 2024

St. Vincent de Paul — Madison microloans are offered between $400 and $2,500 at low interest rates to help people with one-time emergency expenses. Thank you for providing neighbors in need an alternative to predatory payday or auto title loans. Your support is making lasting change in the lives of many families.

Between January and May, 2024:

  • 14 loans were provided to neighbors in need
  • $21,803 was provided in microloans to neighbors in need
  • The most common needs neighbors use microloans for are vehicle repairs & housing assistance.

Want to hear from someone who received help through microloans? Watch Terri’s Story of Hope here: /terri-story-of-hope/.

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