ECUMENICAL DEVELOPMENT CORPORATION USA

What they do

THE ORGANIZATIONS MISSION is to MOBILIZE FINANCIAL CREDIT and RESOURCES to PROMOTE ECONOMIC GROWTH, SOCIAL JUSTICE and SELF-RELIANCE AMONG THE POOR IN DEVELOPING COUNTRIES and EDUCATES THE POOR ABOUT THE SUCCESSFUL OPERATION of BUSINESS ENTERPRISES IN AN EFFORT to PREVENT ECONOMIC INJUSTICE and to PROMOTE SELF-RELIANCE and SOCIAL WELFARE. - THE ORGANIZATIONS MISSION is to RAISE CAPITAL THROUGH ITS NOTES PROCEEDS IN THE U.S. and CURRENTLY LENDS ITS CAPITAL to OIKOCREDIT, ECUMENICAL DEVELOPMENT COOPERATIVE SOCIETY U.A. ("OIKOCREDIT EDCS") for THE PURPOSE of INVESTING IN PRODUCTIVE ENTERPRISES THAT BENEFIT THE POOR. IN THE FUTURE, EDC-USA MAY LEND CAPITAL to OTHER ENTITIES for SIMILAR PURPOSES. THE LOAN OBJECTIVES INCLUDE: STABILIZING SMALL BUSINESS, CREATION of SUSTAINABLE JOBS and PROMOTING THE IDEAL of SELF-SUFFICIENCY IN SOCIETY, THUS ALLEVIATING POVERTY. LOANS MADE BY EDCS-UA ARE STRUCTURED to MATURE AT THE SAME TIME THE ORGANIZATIONS NOTES PAYABLE MATURE. IN ADDITION, THE ORGANIZATI