DANBURY—United Way of Western Connecticut (UWWC) has awarded a $10,000 Financial Stability Grant to the Catholic Charities of Fairfield County Family Loan and Financial Stability Program.
The Family Loan and Financial Stability program provides families and individuals with the skills to obtain financial health while teaching them skills to track spending and follow a budget. Families may also qualify for a low-interest loan to purchase safe, reliable transportation to work. This enables them to continue to provide income to support their family and remain self-sufficient. Loans may also be used for security deposit funds, car repairs and childcare costs. Loan payback provides credit building while promoting self-sufficiency and advocacy skills.
“This grant from United Way will ensure that local families and individuals in greater Danbury are provided with financial education, life skills support, and available access to low-interest loans for safe affordable housing and transportation to work,” said Carolyn Silliman, program manager.
Family Loan and Financial Stability Program provides financial education and budget counseling programs to eligible applicants and anyone in need. Financial education prepares clients for self-sufficiency and ensures loan repayment and positive credit building. Loan amounts range from $500 – $10,000 with a 5.5% interest rate, regardless of credit score.
“We are extremely grateful for the United Way’s grant to support this unique program to assist low-income families who don’t qualify for loans from traditional lenders. The United Way of Western Connecticut is a fantastic partner and a leader in providing financial education and assistance via its innovative Prosperi-Key program,” said Mike Donoghue, executive director of Catholic Charities of Fairfield County.
To learn more about the Family Loan and Financial Stability Program of Danbury contact Carolyn Silliman, program manager, at 203.743.4412 ext. 242 or email: csilliman@ccfc-ct.org.