Micah Programs

“OTHER EXPENSES: Fundraising Supplies =336 Banking Fees = 155. Website Hosting = 4,520. Insurance = $6,201. - 11212”

“Amount of guarantees secured by deposits at Self Help Credit Union. These underwrite the loans made to our beneficiaries (referred to as "Neighbors"). - 27119”

“Error on EIN, some detail missing.”

“Amount of guarantees secured by deposits at Self Help Credit Union. These underwrite the loans made to our beneficiaries (referred to as "Neighbors"). $27,119”

“Outside Contractor payments of $3,016 for website development and Website Hosting of $4,520 are included in the Program Service Expenses.”

“Employer Identification Number --Corrected EIN from 85-187845 to 85-1875845.”

“Facilitates loans at below-market interest rates for the needy. The MICAH Program serves people located in Greenville, SC, and its surrounding counties. It helps individuals (called neighbors) in financial distress through financial counseling and/or small, low-cost loans. MICAH facilitates loans by guaranteeing them with cash collateral, enabling them to be made at well below-market rates. A MICAH loan is intended to provide one-time support to a borrower who suddenly needs to borrow money. MICAH Program loans are provided by Self-Help Credit Union (SHCU) and guaranteed by MICAH. Currently, there are two programs. 1) Traditional loans that could be up to $2,500 and are unsecured. And 2) Auto loans of up $5,000 and have a term corresponding to the need and condition of the care. A lien on the vehicle secures auto loans. All borrowers enroll in active ?nancial counseling with our mentors.”

“Traditional MICAH ?nancial mentoring and loans to needy borrowers, which are uncollateralized and have maturities of less than two years. Provided ?ve new loans for a total of $4,521. Expenses include $3,848 for write-offs of Bad loans, $100 for payoff bonuses, and $277 for administrative items.”

“$2,513”

“Automotive loans that are collateralized by a car title, primarily for the purpose of enabling the working poor to access jobs unreachable without a car. In 2024, we made 9 such loans totaling $31,784.”

“$5,052”