The Diocesan Advance Fund (DAF) is a revolving loan fund that provides low cost financing to existing parishes and missions of the Diocese for the purpose of making capital improvements, such as building expansion, facilities improvement, renovations, or other major repairs and for the purpose of building new missions to meet the needs of under-served communities.
The Finance Committee is responsible for the financial soundness of loan applications prior to formal review and approval by the Standing Committee. Review of DAF applications takes a minimum of two months.
2019 Interest Rate: 3.5%
Contact: Canon Benge Ambrogi, Canon for Mission Resources