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: 315

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

cheeki kea commented on Doc Vega's blog post Why Do They Want to Kill Elon Musk?
"Musk is the face of the intelligent geek nerd army who is exposing almost everything that concerns…"
2 hours ago
cheeki kea posted a photo
4 hours ago
Doc Vega posted blog posts
12 hours ago
Sandy posted a video

DARK WATERS | Official Trailer | In Theaters November 22

Mark Ruffalo stars in #Darkwaters.Get tickets: https://www.darkwaterstickets.com/From Participant (Spotlight), DARK WATERS tells the shocking and heroic stor...
14 hours ago
tjdavis favorited Doc Vega's blog post Why Has it taken so Long for Alejandro Mayorkas to be Impeached? Well that's Finally Happening
yesterday
tjdavis posted a video

Deception Has Evolved Into MASS BRAINWASHING

Deception has taken a dark turn, and it's no longer just about manipulating individuals. Today, mass brainwashing has become a powerful tool used to control ...
yesterday
cheeki kea commented on tjdavis's photo
Thumbnail

Rainbow Rousing

"I wonder how much longer the USA and Russia is going to put up with UK/NATO/& the West war…"
Wednesday
Doc Vega posted a blog post

A Promise I Cannot Keep

A mystical passage in a dream far away Perhaps deeply embedded in the Milky Way Rather than leave…See More
Tuesday
Burbia commented on TommyD's group The Chuckle Hut
Tuesday
Burbia posted a video

InfoWars reporter Jamie White ‘brutally murdered’ near Austin residential area, outlet says

InfoWars reporter Jamie White was “brutally murdered” near his Austin, Texas, home on Sunday night, according to the outlet.Alex Jones, the founder of InfoWa...
Tuesday
Less Prone favorited tjdavis's photo
Tuesday
Less Prone favorited Doc Vega's blog post World Government Reveals itself Over Zelensky Oval Office Meltdown
Tuesday
Less Prone favorited cheeki kea's photo
Tuesday
Less Prone favorited tjdavis's blog post Stop Noahide Laws
Tuesday
Less Prone commented on tjdavis's photo
Thumbnail

Duplicity

"Ban Talmud and Quran and other supremacy ideology?"
Monday
Less Prone commented on Doc Vega's blog post FBI Agent Admits Evidence of Sasquatch Existence
"Doc, you'll like it. Thanks for being with us."
Monday
Doc Vega posted a blog post

What are the Characteristics of a Rogue Regime?

 What would you call a government that uses dogmatic rhetoric as its tool of communicating with the…See More
Monday
Doc Vega commented on Doc Vega's blog post FBI Agent Admits Evidence of Sasquatch Existence
"Les Prone thanks for your support and I'll watch the video! "
Monday
tjdavis posted a blog post
Monday
tjdavis commented on tjdavis's video
Thumbnail

Clown World

"Previewed 6 years ago"
Sunday

© 2025   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