These loans finance capital projects such as new buildings, additions, renovations, accessibility projects, green initiatives, and land purchases for ELCA-related ministries such as:
- Outdoor ministries
- Social ministry organizations
- Colleges and universities
Interest rates for MIF loans to ELCA-related ministries are based on criteria that include, but are not limited to, a ministry's overall financial performance, its collateral values, and historic and future operating performance trends.