The spring campaign target for £200,000 of new loans resulted in loan offers of more than £500,000 – and gifts exceeding £40,000. Such an overwhelming result – more than covering the amount – came after a year of prayer and planning.
‘Thanks to God’s grace and supporters’ incredible generosity, A Rocha UK was able to repay all the loans linked to our Southall base which were due this month,’ said CEO Andy Atkins. ‘We also have sound options for repaying all remaining loans in five years’ time, which we’re committed to doing.
‘Supporters’ response was amazing. Securing our national base for the next five years gives us a great foundation for continuing to increase the impact of our work across the UK.’
The new loans allowed financial obligations to previous lenders to be met, while avoiding a costly commercial mortgage. The charity even had to decline a number of loan offers because its borrowing requirements were more than covered.
This method of refinancing also fulfils the goal of allowing the greatest possible proportion of the charity’s resources to be used on conservation work. In addition to supporters’ generosity, much hard work has gone into making this refinancing a reality.
‘It‘s been a challenging but satisfying project,’ said Operations Director Steve Deall. ‘Seeing God’s provision in such a tangible way has really encouraged staff. We’re delighted to be able to plan for the next five years with more certainty – and looking into some interesting opportunities for our national HQ for 2022 and beyond.’