Leesburg minister gives out loans to help those in needPosted: Updated:
How would you like to receive a loan for up $10,000 without paying interest or having to put up any collateral?
It may sound too good to be true, but a Leesburg minister has developed a way to help those in need through a graduated loan program.
Marty Burson founded a non-profit organization after he and his wife have spent most of their lives helping others in the name of the Christian Faith.
Le'Tina Walker is just one of the people whose life was changed by the Millennial Kingdom Ministries' Purposed Giving Program.
"People don't just give you, you know, even offer to give you a loan…especially for that amount. Maybe a few dollars, but you know, not 600-dollars and trust you to give it back," said Le'Tina Walker, a loan recipient.
Walker needed a loan to get her husband back into school, but they couldn't go to the bank.
"If your credit is not 100%, you know, they'll pretty much turn you down. And then you ask family, of course, they don't really have it. And even if they have it, they aren't gonna give it to you (laughs)," said Walker.
So they shared their story with a Leesburg minister who helps those in need.
"We could, ourselves, have used a loan…a loan of three, four, five thousand dollars. But we didn't have anywhere we could go and get that kind of money without going to a bank and going through that process," said Marty Burson, Millennial Kingdom Ministries Minister.
He and his wife used to set a little money aside in an envelope every month for whoever needed a helping hand. Now, they've set up a bank account that regularly receives donations from community members for the no interest, no collateral loans.
"And we know many people, you know, love God, but their actions may not necessarily describe that. And we've learned actions determine who you are," Burson said.
But loans aren't the only way they've helped others. Some have even been given a car.
"Well, it was, you know, just such a shock. I had never had anybody do that for me before," said Brenda Waldrop, Car Recipient.
Waldrop was given this Chevy Cavalier as a surprise Christmas gift two years ago, which she says brought tears to her eyes.
"I guess I felt like my other car wasn't gonna last much longer, so it was just a surprise," said Waldrop.
Waldrop gave her old car to another person in need, and now gives rides to some who can't get around.
And Walker has now become a purposed giver and contributes a little money to the community account every month.
Burson said the loans are offered at different levels. The first level is for $500, other levels progressively work up $10,000.
You have to repay each loan before moving on to the next level, and Burson said he offers a ten percent bonus to those who pay the money back.
He also said anyone in need of a loan doesn't have to be a member of the church.
For more information on how you can become a donor or a loan recipient, visit: www.mkmpurposedgiving.com , or check out Millennial Kingdom Ministries on Facebook.
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