As we close out 2025, one reality stands out: the need for fair, compassionate lending in our community continues to grow.
Inflation, disruptions to SNAP and Medicaid benefits, and employment uncertainty have placed significant pressure on many neighbors living paycheck to paycheck. In response, the demand for help through the MICAH Program has increased dramatically.
In 2025, we received more than twice the number of loan inquiries compared to 2024, and the number of loans made nearly tripled. Each loan represents a neighbor working to stay afloat, avoid financial collapse, and move forward with dignity.
The Reality of Predatory Lending
Many neighbors come to us already trapped in extremely high-cost loans. Recent examples include:
- $1,417.50 loan at 304% APR, resulting in over $3,200 in finance charges
- $3,000 loan at 242% APR, with more than $8,300 in finance charges
These practices are not rare. Recently, I personally received an email advertising a “quick and easy” loan of up to $2,500. On closer review, the lender disclosed interest rates ranging from 261% to 1,304% APR, depending on the loan amount and term.
We are also seeing increased harm from buy-here/pay-here auto loans, where neighbors are often sold overpriced, high-mileage vehicles with steep interest rates, costly add-ons, and tracking or kill-switch devices that make repossession easy.
Gratitude and Looking Ahead
Thanks to the generosity of our donors, we are entering 2026 in a strong financial position and prepared for continued demand. Your support is truly life-changing.
We are equally grateful for our volunteers—our Board members, Loan Review Panel, and Mentors—who give their time, wisdom, and compassion to make this work possible. We are also thankful for our community partners, including Self-Help Federal Credit Union, Mason & Sons Auto Repair, and many local nonprofits.
How You Can Get Involved
Support the MICAH Program in one of these meaningful ways:
💛 Donate
Your tax-deductible gift helps provide low-cost loans that keep neighbors out of predatory debt and on a path toward stability. Donations can be made on line at https://micahprogram.org/donation/ or by checks mailed to The MICAH Program c/o St. Anthony’s, 309 Gower Street, Greenville, SC 29611
🤝 Volunteer
We welcome volunteers to serve as mentors, assist with loan reviews, or share professional expertise. Training and support are provided. Inquire at contact@micahprogram.org or call us at (864)-610-5380.
🙏 Pray & Advocate
Pray for the neighbors we serve and help spread awareness of fair, compassionate lending alternatives in our community.
To learn more about giving or volunteering, please visit our website or contact us directly.
Thank you for being part of this mission and helping bring hope, fairness, and dignity to our neighbors.
With gratitude,
The MICAH Program
