The primary mission of South Carolina Lutheran Men in Mission is to strengthen the spiritual development and witness of men and to provide financial and other support to mission congregations in the South Carolina Synod, ELCA. SCLMM provide financial support for mission congregations through three programs: Gift Fund, Loan Fund, and New Mission Start Program. The second of these will be highlighted in the month’s newsletter.
The Loan Fund was started in 1925 and provides interest free loans to mission congregations and they can borrow up to $200,000 for up to 20 years for capital improvements or debt reduction. Non-mission congregations, in special circumstances, can borrow up to $100,000 for up to 10 years. Mission congregations have first priority on available funds. The Loan Fund has assets of over $1.9 million with over $1 million on loan to congregations and is maintained by contributions from local units, special contributions and monies from the Committee of 100.