Catholic Charities of Northeast Kansas is celebrating the anniversary of the Kansas Loan Pool Project (KLPP) with an impressive first year success rate.
The math seems simple: 12 months. 62 loans issued. 95 payday or title loans eliminated.3 KLPP loans paid in full — 5 more projected by the end of July.
But what you can’t see behind those numbers are the emotions that go along with them:Relief. Elation. Excitement. Joy.
The KLPP program is designed to help eliminate high-interest title or payday loans by issuing participants a new, low-interest loan. Each participant is enrolled in a financial education course to help develop a long-term financial plan and budget. They are also assigned a Catholic Charities case manager specialist to provide ongoing monthly support.
“Our goal for the next year is to expand the program .” said Amelia Reyes, Director of Asset Development for Catholic Charities of Northeast Kansas. “I’m really proud of all of the support we’ve had. We’ve learned a lot about the industry and how it affects the people we serve. Now, with that knowledge, we can have a greater impact within the community.”
