Start Up Fund
July 29, 2016
By a vote of the AFP Board of Directors, a revolving fund was set up in the annual budget to provide financial assistance to new chapters.
Loans of up to $500.00 are available on an interest free basis from AFP International Headquarters, in a chapter’s first year. Repayment is due within two years.
To apply for a loan, the president of a new chapter must make a request in writing to the president at AFP International Headquarters. The letter should include the following information:
- amount of desired loan (up to $500.00), and
- re-payment schedule desired (e.g., half repayment at the end of each year, or repayment in full at the end of two years)
AFP International Headquarters will process the loan and a check in the name of the chapter and send it to the person making the application.