During July- December alone last year, Capital Good Fund‘s Impact and Impact+ #lowinterest #consumerloans helped #Dallas borrowers save more than $1 million in predatory interest and fees. 🌟
By offering our small-dollar loans at 12% interest instead of the predatory rates in #Texas -which can reach up to 664%—each borrower saved an average of $6,000 in fees.
While it may not seem like a lot to folks in Linkedin Land, saving $6k per borrower can be a life-changing amount of money. Our funds are used to bridge emergency medical expenses, auto repairs, rental deposits, and cover unforeseen life costs.
THANK YOU, United Way of Metropolitan Dallas, Capital One, Charles Schwab, Elaina Mulé, Andrea G., Greg Mangum, Lydia Jackson and many others for supporting this critical, cost-saving work in the Lonestar state.