U.S. Doesn’t Track if Millions in Biz “Loans” to Refugees on Public Assistance Are Repaid

The U.S. government gives refugees on public assistance special “loans” of up to $15,000 to start a business but fails to keep track of defaults that could translate into huge losses for American taxpayers, records obtained by Judicial Watch reveal. The cash is distributed through a program called Microenterprise Development run by the Department of Health and Human Services (HHS) Office of Refugee Resettlement.

Since 2010 the program has granted thousands of loans to refugees that lack the financial resources, credit history or personal assets to qualify for business loans from commercial banks. Most if not all the recipients already get assistance or subsidies from the government, according to the qualification guidelines set by the Microenterprise Development Program. It’s a risky operation that blindly gives public funds to poor foreign nationals with no roots in the U.S. and there’s no follow up to assure the cash is paid back. The idea behind it is to “equip refugees with the skills they need to become successful entrepreneurs” by helping them expand or maintain their own business and become financially independent.

Earlier this year, Judicial Watch submitted a Freedom of Information Act (FOIA) request to HHS for records related to the refugee business loan program. Specifically, JW asked for the number of loans that are written off per year and the amount of the write-off per defaulted loan. Unlike commercial banks or other lending institutions, HHS doesn’t keep track of default rates on loans issued through the Microenterprise program. This is astonishing considering that these are taxpayer dollars being furnished in the form of loans to foreign nationals granted refuge in the United States. An HHS official told JW the agency doesn’t have a tracking system in place to provide figures involving loan defaults. However, the agency is “preparing to collect this information in the future,” according to the records obtained by JW from the agency.

What we do know is that from 2010 to 2015, HHS gave

http://www.judicialwatch.org/blog/2016/06/u-s-doesnt-track-millions...

Views: 332

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Sandy posted a video

Eric moutsos What is Walmart allegedly doing?

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
Sunday
Sandy posted photos
Sunday
rlionhearted_3 commented on Doc Vega's blog post The Exposure of the 9-11 attacks as an Inside Job! In Plane SITE!
Sunday
rlionhearted_3 commented on Doc Vega's blog post The Exposure of the 9-11 attacks as an Inside Job! In Plane SITE!
"That is a classic demolition cut. Not cut during cleanup! "
Sunday
rlionhearted_3 commented on Doc Vega's blog post The Exposure of the 9-11 attacks as an Inside Job! In Plane SITE!
Sunday
Doc Vega posted a blog post
Saturday
tjdavis posted a blog post
Saturday
Doc Vega posted blog posts
Thursday
Doc Vega posted blog posts
Sep 2
cheeki kea posted a video

THE PAPER CHAINS

This video is about how every living soul has been bound in contracts.
Sep 1
Doc Vega posted a blog post

When You Know Your Society Has been Compromised

 When asymmetric warfare as propaganda has accomplished its mission as public schools indoctrinate…See More
Aug 31
Doc Vega posted blog posts
Aug 30
Doc Vega posted photos
Aug 29
tjdavis posted a blog post
Aug 28
Less Prone favorited tjdavis's photo
Aug 28
Less Prone favorited tjdavis's video
Aug 28
Less Prone commented on Keisha Ruan's blog post I know she was 80 but whenever someone dies now I still go "Were they vaccinated for covid?"...Dolly made this song about it
"That was five years ago when large majority was fooled to take the vaccine. She was stupid, but she…"
Aug 28
tjdavis's blog post was featured
Aug 28
Doc Vega's 8 blog posts were featured
Aug 28
tjdavis favorited Doc Vega's blog post Three Famous People Who Died Shortly After Getting the Covid 19 Vax When This is No Longer Coincidence!
Aug 27

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted