Financial Services & Credit Building
In December 2016, we also launched a Financial Services Program that provides micro-grants and zero-interest loans to people recently released from prison. This program assists recipients with furthering their education, attaining certification, going to driving school, accessing transportation, setting up secured lines of credit to build credit history, and acquiring tools and materials for their small businesses.
Our flagship product is our $1000 small business loan. We were able to launch the program and grant our first 4 loans through funding from Entergy, the Emerging Philanthropists of New Orleans, and prize money from our second place finish at the 2016 Pitch NOLA! Education Competition. In 2017 we will attain status as a certified credit reporter through the Credit Builder’s Alliance, allowing us to report payment history on these loans, enabling our clients to build their credit scores through the program.