New Causeway Community Financial Fund has begun approving loans that are low-interest help end period of financial obligation
Organizers of a program that is new people get from the pay day loan cycle of debt have already been overwhelmed with applications from Ottawa residents.
“It ended up being quite overwhelming,” said Doug Pawson, with all the Causeway Perform Centre, a non-profit community team in Ottawa..
“We received lots of inquiries and it’s really been difficult to evaluate who could we provide and whom we can not.”
The Causeway Perform Centre launched the program that is new November, dealing with three credit unions in Ottawa to produce a $100,000 investment, providing up little loans at low interest rate so individuals can avoid payday advances, or pay back their current debt. Read more