PAY it FORWARD
Financial Assistance
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Are you living paycheck to paycheck?
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Do you feel overwhelmed by high-interest loan rates?
If you answered yes, connect with us!
You may be eligible for a low-interest rate loan.
A BIT ABOUT US
We provide low-interest loans to individuals who are seeking short-term financial assistance. Our loan won’t leave you in the cycle of debt and leave you feeling more stressed. Our goal is help you manage your finances and change your relationship with money.
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MISSION: The CATCH (Community Acting Together Creating Hope) Fund provides grants to nonprofits supporting creative, flexible programs that provide financial stability focusing on hardworking individuals in the Greater Green Bay Area.
WANT TO KNOW MORE?
Who is eligible?
How do I know if
I'm eligible?
What can I use the
loan for?
How much are the
loans for?
What are the loan terms?
What is required
of me?
Anyone in the ALICE (Asset Limited, Income Constrained, Employed) population. This is a population of people who do not live below the federal poverty level (FPL). These are hardworking individuals who still struggle to meet basic daily needs. Because they do not meet the FPL guidelines, they are not dependent on, and are rarely eligible for, government assistance.
Contact our Community Resource Advocate, Eugene Smalls, Jr.,
at (920) 283-0185 or esmallsjr@gatewaycollective.org to find out if you’re eligible. Applicants will be given the opportunity to explain why they need the loan and how they will pay it back.
PAY it FORWARD loans are for people who are experiencing financial hardship at a level that could potentially result in housing instability or homelessness. These funds should be used to prevent these situations, or for the purpose of increasing economic stability. Examples may include housing, education, transportation and other opportunities just out of reach financially. Each situation will be evaluated on a case-by-case basis by our Community Resource Advocate
Loans are $1,000 or less.
Loans will be charged a low interest rate of 2% and must be paid in monthly payments within one year. When all payments are made on time, you will receive a credit toward your final payment in the amount of the interest you have paid over the life of the loan.
Three things are required of you.
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Timely repayment of the loan so that there are funds available for someone else; thus the name of the program: PAY it FORWARD.
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You participate in a short-term financial counseling/budgeting program.
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You complete a simple survey so that we can understand the needs of the participants and the success of the program.
CONNECT
WITH US!
Eugene Smalls, Jr.
COMMUNITY RESOURCE ADVOCATE
The Gateway Collective
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