Canada’s Christian Reformed Extension Fund recently celebrated its 35th anniversary, with current loans totaling roughly $55 million.
The fund, which functions in Canada much like the denominational Christian Reformed Loan Fund in the United States, was set up initially to help the churches of Classis Toronto.
Over the years it has mushroomed to provide loans to 140 churches and 90 Christian schools. Fund trustee Albert Buisman said that though it is still owned by the member churches of Classis Toronto, the fund is used across the country. And, he noted, all loans are faithfully repaid.
“It’s been rewarding to be able to help finance churches and schools from Halifax to Vancouver. We have not had one failure in all the years of operation. That’s very remarkable,” said Buisman.