Into the rural Georgia, there was a good CDCU entitled the latest Harmonious Singers Credit Union

Into the rural Georgia, there was a good CDCU entitled the latest Harmonious Singers Credit Union

It was created in 1968 of the members of around three African American church buildings. Staffed because of the one regular plus one part time worker, they given personal loans, home improvement financing and you will gadgets loans so you’re able to rural African People in the us who had no almost every other accessibility economic attributes or capital. In the 1997, Harmonious used on the fresh new CDFI Funds for most financing. Unified had regarding $700,100 into the property, and you may need for a supplementary $three hundred,100 for the money from its participants-without most other way of raising finance so you can suffice the desire. Leggi tutto “Into the rural Georgia, there was a good CDCU entitled the latest Harmonious Singers Credit Union”