Restructured Loan Helps Church Focus on Mission
When the Korean Church of Newnan UMC began construction of its new building in 2012, the Church turned to the Georgia United Methodist Foundation for a construction to permanent loan. Unfortunately, the Church ran into some unforeseen construction challenges. The resulting cost overruns substantially increased the Church’s original loan needs.
“In August 2019, we met with Jim Pope, GUMF director of lending, and Rev. Hyo Kim, The North Georgia Conference Korean/Asian church development consultant. GUMF helped us restructure our payment plan in a way that has been very beneficial to the Church moving forward,” said Rev. Sungwon Nam, senior pastor of Korean Church of Newnan UMC. “We are very grateful to GUMF for the many ways they have blessed our church and eased our financial situation so we can focus on our mission of making disciples of Jesus Christ for the transformation of the world.”