Hard-workingpeople,strugglingtopaytheirbillsbecauseofpaydayand

auto-titleloanpayments.

WECANHELP.

Qualifications

• SourceofIncome• Haveacheckingaccount• Agreetoelectronicfundstransfer

AddedBenefits

• Savingsaccount• Financialcoaching

Certificateofcompletionawardedtoparticipantwhenloanispaidoffalongwith$50depositedintosavingsaccount.

We’reHeretoHelpFormoreinformationpleasecontact:

SocietyofSt.VincentdePaul

DiocesanCouncilofDallas

3826GilbertAve.

Dallas,TX75219

Assistancehelpline:469-607-0909

THESOCIETY

8,000HomeVisits850VolunteerMembers

38conferencesinninecountiesofNorthTexas

MINILOANPROGRAM*

75miniloansgranted97payday/titleloansconverted343%APRaverageforpredatory

loanconverted

WORKINGTOGETHER

PayoffpredatoryloanDebtrecovery

Savings*2015-16

Ourmissionistoprovideaninnovative,holisticend-to-endprocessprovidingrelieffrom

predatorylenders.

TheSocietypartnerswithparticipantstoconvert

predatoryloansintoalow-interestloanforaperiodof12-

months.

ThisProgramspeakstothevisionofendingthecycleofpovertythroughsystemic

change.

MiniLoanProgram

Society of St. Vincent de Paul, © 2016

The Mini Loan Program

January 2017

12 months of payments, financial coaching along the way, loan payment assistance if needed.

Loan paid off! $50 into savings, improved credit score, avoiding the poverty sinkhole!

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Pathway Out Of Poverty

A call for help with late rent payment

SVDP Volunteers conduct home visit and uncover predatory loan

MLP Coach screens and analyzes their budget

MLP CommiOee reviews, recommends approval

Approval submiOed to bank to initiate loan as co-signer with collateral account

Participant and MLP Coach go to bank to sign low-interest loan, pay-off predatory loan, establish automatic EFT payments