We are excited to announce that we have formed a new partnership with CrossNet Ministries to expand our Microloan Program!
Since 2015, we have awarded nearly $50,000 in microloans to clients of Good Samaritan Services. These loans are used to purchase vehicles, move into permanent housing, or achieve another specific goal related to the client’s journey towards stability. Recipients of these loans are typically not able to obtain loans on their own.
Our program sponsor, Ephrata National Bank, administers the loans for Good Samaritan Services. This arrangement is very beneficial as it helps the client develop a healthy relationship with a bank, increases the client’s confidence as they go through the loan process, and the client’s credit score is significantly improved as they repay the loan.
We had a strong desire to expand this financial empowerment program to other people in need in our communities. This strategic partnership with CrossNet Ministries allows us to offer the Microloan Program to individuals and families beyond the walls of Good Samaritan Services.
We are thrilled to enter into this partnership and to serve more members of our community with this impactful program!