The MICAH Program
What MICAH does
- The MICAH Program serves people located in the counties of Greenville, Spartanburg, and Pickens South Carolina.
- The MICAH Program helps individuals (called Neighbors) with financial counseling and/or low-cost loans up to $2,500.
- MICAH serves Neighbors who have steady income (job or government payments), need help with an unexpected expense or paying off a predatory loan, and can repay a MICAH loan while still affording rent, food, and other living expenses.
- MICAH Program loans are provided by Self-Help Credit Union (SHCU), with an interest rate of 4% over the current savings deposit rate, to be repaid over a term of between 12 to 18 months. Current loan interest rate is approximately 4.30%.
Financial Guidance
Many people struggle with how to manage their money. They all share common questions.
- How much money do I need every month to get by?
- Where does my money go each month?
- Why should I use a bank or credit union instead of money orders or cash apps?
- What does it cost to keep my money at a bank or credit union?
How to avoid bad loans?
- Loans that charge high rates in fees, penalties, unnecessary loan insurance or high interest rates.
- Loans designed to keep people in debt by paying back interest only.
How does your credit score impact you?
- The lower your credit score, the more it costs you for loans and car insurance.
- Credit scores can improve over time by paying back installment loans or car loans on time.
What help is available for life’s emergencies?
- Many programs are available in our community to help with things such as:
- Food Costs
- Rent
- Landlord Problems
- Power bills
- Credit card debt
- Student loans
Contact MICAH to learn how we can help. 864-610-5380
