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just exactly How small-dollar loan programs may be a huge benefit for workers (and their companies)

just exactly How small-dollar loan programs may be a huge benefit for workers (and their companies)

Article Shows

A fast credit program that actually works

Users span the earnings gamut

As system grows, loans smaller, rates of interest lower

Financial counseling is just one of the services that are many by Minnesota’s biggest nonprofit, Lutheran personal provider (LSS), and so the organization’s own recruiting (HR) staff are often searching for techniques to help their particular employees’ monetary capacity. If they learned about TrueConnect, an application allowing companies to supply access that is quick credit to their workers, a bulb proceeded.

“We understand from our monetary guidance work with town that there’s this significance of usage of credit. TrueConnect had been a means we’re able to start to fill that space for the very own workers,” said Kristine Thell, accounting supervisor at LSS.

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