MB Foundation Implements Historic Rate Change
For the first time in MB Foundation's 26 year history, the decision has been made to LOWER variable loan rates and RAISE certificate rates! This decision had nothing to do with the economy, and everything to do with empowering the local church to reach its full ministry potential! 44 Mennonite Brethren churches have a loan with us and 54 have certificates. This decision was made by the MB Foundation Board of Directors on November 15, 2016 and took effect on December 1, 2016.
"We believe putting this money back into the hands of the local church is one way to empower the local church," says Jon Wiebe, President and CEO of MB Foundation. "Of course, this rate change benefits more than just the churches. All told, approximately 1,500 accounts will benefit from this historic rate decision."
Investments with MB Foundation provide resources for the Loan Program to finance ministry projects. At the same time, investors earn a rate of return. The rate change will benefit many churches, individuals and charities.
Go here to learn more and start and investment during this historic season.