This organization ministers in Ukraine and offers several types
of loans and grants for Ukrainian adoption. The turnaround is
quite short. They say it takes 6-8 weeks to consider an
Please check it out if you are still looking for financing for
your Ukrainian adoption. I hope there is a day when everyone can
afford adoption without worries. Until then, let's help each
other find more and better sources of financing for Ukrainian
Here is some information on how they work:
What does a 'covenant loan' mean?
Lifesong's adoption loan is not the same as a traditional,
legally binding, promissory note used by lenders. Instead, we ask
the couple to enter into a "covenant agreement" whereby they
covenant to reimburse Lifesong in monthly or annual payments as
mutually agreed upon. The covenant commitment is then between the
couple, Lifesong and God. The couple agrees to exercise financial
stewardship responsibility to both Lifesong and to God, to use
funds that God provides to them to reimburse Lifesong for the
financial assistance that God graciously provided.
How is the loan amount and repayment determination made?
Loan amounts are up to $12,000 $10,000 and the exact amount is
based on your financial need and Lifesong's available funds.
Repayment terms are determined on an individual basis and
repayments are made on a monthly and/or annual basis.
Do we have to use the money we receive from our Federal Adoption
Tax Credit to reimburse Lifesong?
It is agreed that you will reimburse Lifesong the amount of the
Federal adoption tax credit utilized on your Federal income tax
return until the Covenant Loan Amount is paid in full. The annual
payment will be made (60) days after filing of the income tax
return for any year.
What if we experience financial hardship during our repayment
Although you need to honor your covenant agreement to repay the
assistance you received, Lifesong will work with you through your
Are funds paid directly to the family or directly to the adoption
For payments owed to the agency, Lifesong will make payments
directly to the agency whenever possible.
We can reimburse families give funds to couples upon receipt of
documentation of the amounts needed.
Why use Interest-Free loans?
A key strategy for the interest-free loan program is that it
would become a 'self perpetuating' fund which
continually "recycles" to help one adopting family after another.
For example, one $5,000 loan over
10 years becomes $40,000 helping 8 families adopt (given an
average loan repayment of 15 months).
The couple sends their application to Lifesong along with a copy
of their home study report and the
other information requested on the application. We try to review
each application within 6-8 weeks
after we receive it and send a letter to inform the couple of our
Adoption Services International unites loving US families with
Ukrainian children. We provide a unique combination of
professional, individualized, quality service (including a
maximum guaranteed adoption fee), personal adoption experience,
affordable local cost and 20 years Ukrainian experience.
If you or someone you love would like to expand your family,
provide a permanent home for a needy orphaned child, welcome a
sibling for an existing child or discover an alternative for
infertility treatments - contact us to learn more about Ukrainian
adoption, Adoption Services International can help.
The Ukrainian Adoption Process: Informational Meeting
Wednesday, November 28, 2012 7:00-8:00PM
Location: Wellness Rocks: 133 Rupell Road, Clinton, New Jersey