by Paul Bass | Nov 14, 2017 7:46 am
Payday lenders victimize theвЂќ that isвЂњunbanked loan-shark interest levels they canвЂ™t fulfill.
Having said that, brand new Haven now has Samantha Savvidou. Can she arrived at the rescue?
Savvidou, a social worker fresh down receiving her masters from University of Connecticut, has put up store as a first-ever вЂњBank On FellowвЂќ to aid the 20 % of the latest Haveners whom donвЂ™t have traditional bank records obtain accounts and discover strategies that continue money within their arms.
A group of such вЂњBank On FellowsвЂќ have actually begun operate in spots in the united states. The not-for-profit that is national Cities for Financial Empowerment Fund create this program through five state-level. The Connecticut Association for Human Services (CAHS) is its partner for the state, and CAHS hired Savvidou when it comes to two-year gig in brand new Haven.