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Through the Mission Investment Fund of the Evangelical Lutheran Church in America, ELCA congregations and their members, synods and ELCA-related ministries may invest their funds in the growth of the Lutheran church and earn interest on their investments.
With the funds entrusted to it, MIF makes loans to ELCA mission congregations for purchases of land and construction of initial church buildings, and to established ELCA congregations for expansion, renovation, and relocation projects, refinancing of existing debt, and land purchases. Loans for capital building projects are also available to ELCA-related ministries such as seminaries, outdoor ministries, and social ministry organizations.
More than 780 loans totaling $440 million are at work today in ELCA ministries throughout the United States, in Puerto Rico and the Virgin Islands. |