He calls CDFIs the "best kept secret of the financial services world."
Immigration status also isn't an issue, either. About 40% of Capital Good Fund's clients are Latino and 25% are African-American. The poverty threshold is $13,300 in income for a single person under age 65 and $25,926 for a family of two adults and two children, according to theNobody wants to loan me money. I'm high risk. I don't have a really big credit history.In order to address racism, the financial system has to provide better access to affordable services to Black, Hispanics and other people of color in order, Posner believes. He's also a proponent of overhauling the criminal justice system.
Then in 2013, Martinez turned to Capital Good Fund to get an emergency loan of $300 to fix a broken windshield. The nonprofit also has a free hotline for those significantly impacted by Covid-19 and also offers year-long, one-on-one financial coaching for $15 a month.Photo: Cat Laine
acorns Lol I'm sure they do 😅🤣
acorns How do you do that.? Give TAX MONEY to DRUG DEALERS, HOOKERS,AND GANG MEMBERS.They don't see no WEALTH GAP.They just see VICTIMS
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