Iglesia Bautista Peniel's attendance is growing and is making plans to construct a larger sanctuary in the future. There are two properties for sale beside the current church. The congregation plans on acquiring the land first and then raise funds in the future to construct the new sanctuary in stages as they are able.
Its goal is to raise $20,000 to purchase the second property and use the remainder to help with their first loan. One property is $11,500; the church has raised $2,000 to make a down payment and took out a $9,500 loan for the remainder. The other property is $15,000.
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$2,000
Raised
and an additional loan taken out for $9,500