SHREVEPORT, Los Angeles. (KTAL/KMSS) вЂ“ Six years back, a combined number of Shreveport churches began an application to help individuals within the Highland community escape pay day loan debt.
Subsequently, the Hand Up loan system has assisted significantly more than 80 people secure significantly more than $130,000 in reduced rate of interest loans.
Lots of brand brand brand new beginnings have already been funded by faith.
вЂњI became on medications. I happened to be on alcohol,вЂќ said Clydell Hall. вЂњNow I have actually my personal house. I have two vehicles, two jobs.вЂќ
It is where Clydell Hall discovered assistance as he desperately needed it.
He was a homeless veteran whom needed a car or truck to get at college and work.
He had been in a position to get a $2,500 loan through the Hand Up Loan Program.
вЂњ just what we do is work together to offer good, effective options, where they could be tangled up in a thing that will probably build their credit and build their life,вЂќ said John Henson, Pastor, Church for the Highlands.
Henson is not just a pastor it is additionally the top of Highland Center Ministries and creator for the Hand Up Loan Program, which provides an alternative to high-interest pay day loans.
This program were only available in 2013 july.
вЂњOne of our church users ended up being observing exactly how many loan that is payday had been here into the community,вЂќ shared Henson. вЂќ simply searching inside a mile radius of the building there have been 12 companies which he counted.вЂќ
The church desired to offer financial justice for the working bad, helping them get free from, or avoid stepping into the trap regarding the payday debt period.
вЂњJews, Muslims, Christians, that is section of our scripture that usury is wrong and it’s also a si,вЂќ explained Henson. Continue reading