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Should Churches Secure Loans From Banks?

There is a growing trend among churches for serviceable loans from commercial banks.

Pastors are divided over the proprietary or otherwise of the facility. Some say it is okay as long as it is for developmental purposes. Others feel if it is God then he should provide.

I have spoken with bank officials and they agree banks prefer to grant loans to churches. One, they hardly default and too the weekly incomes make up for the servicing. As a matter of fact, many commercial banks have enticing offers for churches to take up loan facilities.

What is your take? Let's roll.

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8 answers

The don`t need LOANS.

Members provide more than enough

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Well a lot of churches [especially pentecostal] are set up as business enterprises today and they act as such.

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jagunlabi,

Na fight? At least let us learn to be refined in our contributions.

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Which is why corporate churches should be taxed.

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KunleOsho,

When did churches become business enterprises that require loans for expansion?

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Well it is a perfectly normal business practise to collect loans to finance the expansion of business enterprises.

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Church business in naija is a low risk and rather reliable venture, so banks can go for it. Problems can only occur when pastors start defaulting on the grounds that their god(s) has commanded them in their visions to start defaulting on payments.Na dia wey katakata fit burst.

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dont see what the problem is as long as they dont default.

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