NUTS AND BOLTS
...FOR A CHURCH TO PARTICIPATE IN THE TMP MICRO-FINANCE SERVICE
1. Receive extensive training from Committee Two, usually Rev. Edward Kasaija but also by W George when in the country.
2. Session (college of elders) thoroughly cover the Prerequisites and agree to them.
3. Officially request TMP's services.
4. Oversee and work with the Deacons in their preperation to implement the TMP program.
5. Have Pastor Kasaija back to review with the congregation, but especially its business people who are to receive financing, the principles of the program.
6. Work toward a long-range economic development plan beyond the work of TMP.
Attend all the training and then these six (6) steps.
1. Interview. Invite us and the deacons to evaluate their assets and needs with respect to their enterprise.
2. Application. Fill out an application form and be ready for it to be rejected if the deacons think it best, taking the time needed to get it right, or the time for the business to mature until it is more likely to succeed. Funding may or may not be in the Kampala TMP account.
3. Funding. Secure the funding. That is done in the US and Uganda. Repayments of previous loans help in Uganda. The rest is done in the US.
4. Terms and Loan Note. When funding is done, we negotiate the terms with the applicant. We make sure recipient knows how she/he will repay and that we know. That is part of the contract.
5. Appropriation of the funds in stages as needed by Cm Two and a church officer according to the loan note.
6. Followup. Committee Two, the deacons, and support group all participate in the follow-up and care of the recipient to insure pay-back (repayments).
Repayments happen according to promise of the loan note, or if needed, can be re-negotiated. Loan repayments are made by the loan recipient at the nearest branch of the national bank that we use. Recipient then takes receipt to the deacon clerk who records the payment in the log book.