Mini Loan Program
The Mini Loan Program (MLP) provides relief to people in our community who are financially trapped in high interest payday and auto title loans, which speaks to the vision of the Society of ending the cycle of poverty through systemic change.
People financially trapped in predatory loans are increasingly unable to take care of their families and are spiraling into unending debt. The MLP breaks this cycle of debt. The Society partners with participants to convert a predatory loan into a low-interest loan. Working one-on-one, the Society empowers participants towards upward mobility and moving out of poverty by offering financial education, establishing a savings account and discussing other programs and services.
The Society of St. Vincent de Paul is a non-profit community-based volunteer organization that offers direct aid, service and programs to those in need. To accomplish their core goal of ending poverty, the Society takes a holistic and systemic change approach by first addressing basic needs through short-term financial aid, food, material goods or transportation assistance. Additional programs and services reach beyond these charitable acts and address the underlying root cause of the basic need —offering hope that will lead to a path of self-sufficiency.
OUR WORK: GroundFloor invested $50k in seed funding and mentoring by a non-profit executive focused on scaling their impact work, including developing a strategic plan, building partner relationships, and fundraising.Visit Society of St. Vincent de Paul online!