United Methodist Committee on Relief
The United Methodist Committee on Relief (UMCOR) is the not-for-profit global humanitarian aid organization of the United Methodist Church. UMCOR is working in more than 80 countries worldwide, including the United States. Our mission, grounded in the teachings of Jesus, is to alleviate human suffering—whether caused by war, conflict or natural disaster, with open hearts and minds to all people.
University UMC is proud to partner with UMCOR by encouraging donations in response to natural disasters.
U City Micro-Credit Club: Making a Difference One Small Loan at a Time
The U-City Micro-Credit Club is led by UUMC members Tom Mitchell and Rich Wymore, utilizing the Kiva system. The club is open to everyone, regardless of religious affiliation or views.
The U-City Micro-credit Club held its first meeting on September 15, 2009, and since that time has loaned to entrepreneurs in over 60 countries using the Kiva system of microcredit loans. Kiva partners with existing non-government organizations around the world who have expertise in micro-finance and a mission to alleviate poverty. These Field Partners know their local area and clients and do all the work required to get Kiva loans to the Kiva web site. The Field Partners disburse the loans as soon as they are granted. The Field Partner collects information about the entrepreneur, pictures, and details about the loan, and uploads them to Kiva. Kiva then posts them to Kiva.org along with information about the Field Partner. U-City Micro-credit Club meets periodically to review the loans available on Kiva.org and select the ones we would like to help fund. We typically loan $100 but may loan less depending on funds available and the risk we see in the loans. Kiva then aggregates the payments from the various participants and provides them to the Field Partner. The Field Partner collects repayments from the entrepreneurs, as well as any interest due, and notifies Kiva if the payment is not made as scheduled. Interest rates are set by the Field Partner. As repayments are made to Kiva, the principal is returned to us, allowing us to re-loan those funds to additional entrepreneurs.