Franciscan Missionaries of Our Lady Health System’s (FMOLHS) partnered with Catholic Charities of the Diocese of Baton Rouge in October 2018 to launch The Faith Fund, a micro-loan investment fund to address a key driver of health: financial stability.
In 2020, FMOLHS established the COVID-19 Faith Fund Emergency Income Stabilization Loan Program that enabled employees to borrow up to $3,000 at a 6% interest rate and pay it back over a two-year period to help financially stabilize individuals and families during the pandemic. In late 2020, FMOLHS the PayActiv program, which enables employees to access their pay immediately after earning it, instead of having to wait until the end of the pay period.