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: 338

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

Doc Vega posted blog posts
10 hours ago
Doc Vega commented on Doc Vega's photo
Thumbnail

HPiZF7gXIAAC-yn

"The traitors are the Democrat and you got it wrong! They make deals with nations that hate America…"
12 hours ago
Doc Vega commented on Doc Vega's photo
Thumbnail

746528467_1383587106979426_270659517669097126_n

"Outsourced American labor was the cause and Trump was lying plants here in the states from major…"
12 hours ago
cheeki kea commented on cheeki kea's photo
Thumbnail

Not sightseeing.

"That's a funny one Tori because the natives are not to keen on law enforcement at the best of…"
21 hours ago
Tori Kovach commented on Doc Vega's photo
Thumbnail

746528467_1383587106979426_270659517669097126_n

"We wouldn't want for anything if our fucking corporations hadn't sold our jobs to China…"
yesterday
Tori Kovach commented on Doc Vega's photo
Thumbnail

HPiZF7gXIAAC-yn

"Well, instead we got it backwards and voted for a traitor and got...a traitor."
yesterday
Tori Kovach commented on cheeki kea's photo
Thumbnail

Not sightseeing.

"I heard the aborigines wanted to keep him as one of their own."
yesterday
Tori Kovach commented on tjdavis's photo
Thumbnail

Sainthood

"That's why Trump loves you"
yesterday
Tori Kovach commented on Doc Vega's photo
Thumbnail

HQDAWOjbAAARkld

"Where he belongs, under his big, beautiful ballroom!"
yesterday
Doc Vega favorited tjdavis's blog post Smart Network About You Without You
yesterday
Doc Vega posted a blog post

If this Stolen Election is Allowed to Continue

 If you are inclined to believe these unimaginable Mid-Term election results, you are either a sad…See More
yesterday
Less Prone posted a video

Ronald Bernard - 6 - The first steps towards true peace

🇬🇧 spoken / 🇳🇱 ondertiteling / 🇪🇸 subtítulos / 🇩🇪 untertitel / 🇫🇮 tekstitys / 🇫🇷 Sous-titres / 🇵🇹 legendas / 🇮🇹 Sottotitoli / 🇬🇧 subtitles...
Monday
cheeki kea commented on cheeki kea's photo
Sunday
cheeki kea posted photos
Sunday
cheeki kea commented on cheeki kea's photo
Thumbnail

Something for you

"President Trump arranged for this prioritised contingent to arrive in USA weeks ago but we all know…"
Sunday
tjdavis posted a video

We Live in Public | Official Trailer | Documentary

Winner of the Grand Jury Prize for best documentary at Sundance Film Festival and Certified Fresh on Rotten Tomatoes, We Live in Public is the fascinating do...
Sunday
tjdavis posted a blog post
Sunday
Sandy posted videos
Saturday
Sandy posted photos
Saturday
Sandy posted a photo
Friday

© 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