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received the new funding for 2009 througn the national Ways to Work designed to help provide loans upto $4,000 to enables individuals to maintain employment, complete college or purchase a reliables used car to provide transportation to work. The Milwaukee-basecd organization is funded by the and the Alliance for Children and of whichChild & Family is a member agency. The Ways to Work progra also provides loans forbusinesws purposes, such as funding the purchase of carpetinyg or fencing for an in-homwe day-care provider; or to acquire equipment for a snow plow or landscapinhg business.
Often, the educatiobn orientation session alone makes a helping participants develop a spendinyg plan or learn how to address or negotiate delinquent credit and acces freetax preparation, says program director Laurie Schaller. “Because there’s no income limit, I thinj the working families are not aware of the availability of this loan Schaller says. “Employers, as well – this is a service that can help to retaintheire workforce.” Since 1999, the local agency has made nearluy 1,000 loans worth more than $2.2 5 million through the loan program, with a 90 percent repaymeng rate. The loans also serve to help familiee build or improve theircredirt rating.
Nationally, the agency is in the top 88th percentile for loan Local funders for the program includeand .
Wednesday, September 19, 2012
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