The Loan Fund

The Loan Fund provides loans and assistance to improve the ...

Overview

The Loan Fund was founded by the New Mexico Conference of Churches (along with the Storehouse, Samaritan Counseling Services, Habitat for Humanity, Encino Houses, and Second Harvest), under the guidance of a special task force that was created in 1987 to address the state’s systemic problem of poverty. At the time, New Mexico was number one nationally in poverty and today the state is number two. The task force concluded that entrepreneurship and self-employment opportunities were vital to the state, and that increasing access to affordable business loans in underserved and low and moderate income communities would be a viable economic development tool to combat poverty.