ParishPlus · Web viewMini Loan Program THE SOCIETY 8,000 Home Visits 800 Volunteer Members 3 8...
Transcript of ParishPlus · Web viewMini Loan Program THE SOCIETY 8,000 Home Visits 800 Volunteer Members 3 8...
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Hard-working people, struggling to pay their bills because of payday and
auto-title loan payments.
WE CAN HELP.
Qualifications
Source of Income Have a checking account Agree to electronic funds transfer
Added Benefits
Savings account opened with $25 Financial coaching
Certificate of completion awarded to participant when loan is paid off along with an additional $25 deposited into
savings account.
We’re Here to HelpFor more information please contact:
Society of St. Vincent de Paul
Diocesan Council of Dallas
3826 Gilbert Ave.
Dallas, TX 75219
Assistance helpline: 469-607-0909
THE SOCIETY
8,000 Home Visits 800 Volunteer Members
38 conferences in nine counties of North Texas
MINI LOAN PROGRAM
64 mini loans granted 97 payday/ title loans converted Average APR of Predatory Loans
Converted is 343%
WORKING TOGETHER
Pay off predatory loan Debt recovery
Savings
Our mission is to provide an innovative, holistic end-to-end process providing relief from
predatory lenders.
The Society partners with participants to convert
predatory loans into a low-interest loan with 3% APR for a
period of 12-months.
This Program speaks to the vision of ending the cycle of
poverty through systemic change.
Mini Loan Program