After the financial crisis of 2008, the State of Arkansas banned Payday Lending and did to follow up with a safer alternative for access to capital for the unbanked and underbanked individuals and disadvantaged, small businesses. These low income communities lack financial education and small business technical assistance. Every community has to have a financial mechanism in place within the community to provide essential financial products and developmental services needed for self sufficiency, economic mobility and sustainability. Economic exclusion is real, and the law restricts access to credit in Arkansas. Banks moved out of the low income communities, leaving them to “figure out how to make it work” without the essential financial tools needed for community development . It takes credit to get credit, and low income communities in Arkansas did not have access to credit. PEOPLE TRUST emerged out of an unmet credit need in the State of Arkansas. PEOPLE TRUST is the only Black-Owned Financial Institution in the state.
Company Details
- Employees
- 13
- Founded
- -
- Address
- 5300 W 65th Street, Little Rock,arkansas 72209,united States
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- providingequalopportunities.org
- Keywords
- Consumer Micro Loans, Community Signature, Credit Builder, Auto & First-time Home Buyer Assistance, Bill Assistance, Financial Literacy & Coaching, Emergency Fund, Loans, Community, Little Rock, Arkansas, Arkansas, Black-Owned, Minority.
- HQ
- Little Rock, Arkansas
People Trust Community Loan Fund Questions
People Trust Community Loan Fund's website is providingequalopportunities.org
People Trust Community Loan Fund's LinkedIn profile is https://www.linkedin.com/company/people-trust-loan-program
People Trust Community Loan Fund has
13 employees.
View email and phone details for 13
employees at People Trust Community Loan Fund.
People Trust Community Loan Fund's industry is
Financial Services
People Trust Community Loan Fund's top competitors are
Opportunity Finance Network,
The Nest,
People Trust,
Pepper Pot,
River City Contractors Of Arkansas, Llc,
Delta Dirt Distillery,
Arkansas Cdfi Coalition,
African American Alliance Of Cdfi Ceos,
American Indian Center Of Arkansas,
Chicago Speculative Futures.
People Trust Community Loan Fund's categories are Financial Services
People Trust Community Loan Fund's founding year is 2008
