Micro Finance Club

In an environment where people are desperately short of money and where banks charge extortionate rates of interest TEAMS MFC has been set up to make small loans at much lower fair rates of interest. We aim to help serve the community and once it has been decided a person can afford to borrow they join The Club. It is very important to us that they will be able to eat and pay rent as well as pay back the loan so we happily offer financial advice and guidance where needed.

People borrow money for a variety of purposes from starting small businesses to paying school fees – although education is officially free in practice it is not as every child has to contribute towards the schools list of expenses. We have also helped people meet unforeseen medical expenses.

Our membership continues to grow with over 50 members for 2015. Our activities are only limited by the amount of loan capital we have available for this programme. Since 2010, our initial Loan capital of 9,350,000/= (about £2,000 in today’s money) has grown to 20,000,000/= (c £5,000) so not only are we providing a valuable service based on Christian ethics we are also generating a useful source of income for TEAMS.

Once we reach our optimum size, we hope that surplus income can be used by TEAMS to assist with salaries and other running costs.

Do you have some spare cash that you could loan to us, interest free, for a year or more for this purpose? We can use it to help those people who cannot borrow money commercially and generate a income for TEAMS. Please do let us know. With UK interest rates being so low at the moment, this loan to TEAMS will not cost much in lost income to you!