Microloan Program

The Microloan Mission

An Alternative to High Interest Loans

Provide individuals with an effective alternative to high interest predatory loans, consumer protection information and financial mentorship by trained members of Saint Vincent de Paul.


Loans are provided for one-time expenses to individuals who can demonstrate that they have the ability to pay back the loan. Loans can be issued for up to a $1,500 based on the person's ability to repay. It is important for loans to be repaid so we can continue the program for others.


Provide Low-Interest Loans *

One-time Expenses may be:

  • Car repair
  • Home repair
  • Educational expense
  • Medical expenses not covered by other means
  • One-time security deposit
  • Help pay off high interest payday and car title loans

Plus: Individuals who obtain a loan are provided with their own credit union account which can be used for direct deposit of paychecks. As a member of the credit union, individuals will also receive all other benefits of credit union membership.


Loan Requirements

Each potential borrower must provide:

  • Steady, documented source(s) of income (pay stubs or other proof of income required)
  • Expenses must not exceed income
  • Ability and willingness to repay the loan
  • Current form of government issued picture ID (for example, driver's license or state ID)
  • For emergency expense loans (like home or car repair), a written estimate of the expense from a third party service provider. All loan payments for expenses, if approved, will be made payable directly to the service provider

* Loans are not provided for rent expense, food or utilities. Emergency assistance for rent, food or utilities is referred to Saint Vincent de Paul conference. 

Provide Community Support

You are not alone.  Microloans are part of a solution to help individuals return to financial stability.  Microloan recipients obtain a reasonable loan repayment plan especially suited to individual situations.  In many instances, The Society of Saint Vincent de Paul  provides other resources that an individual may need.  

Microloan recipients work with a trained financial mentor who can provide information on other community resources, such as free tax preparation, how to avoid the trap of high-interest refund anticipation loans, improving your credit score, and how to avoid financial scams. Likewise, if an individual encounters a barrier to loan repayment, their mentor works with them to find solutions for a successful loan repayment and restored financial stability.

If you are interested in more information about microloan eligibility, please contact your local St. Vincent de Paul Conference in the Columbus Diocese in Coshocton, Delaware, Fairfield, Franklin, Hardin, Knox, Licking, Ross, and Union Counties only. For a list of contact information, please see https://www.svdpcolumbus.org/contact_info.

Be sure to read tour newsletter, Microloan Musings. The newsletter is our way of sharing some of our success stories and other news about our program. Check out our first two editions here.

Microloan Musings, Edition 1

Microloan Musings, Edition 2

You can also request general information about the program at [email protected].