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Ways to Work was originated by The McKnight Foundation in Minnesota in 1984 as the Family Loan Program. In 1996, The McKnight Foundation partnered with the Alliance for Children and Families of Milwaukee, Wisconsin to expand the program nationally. Ways to Work is a federally certified Community Development Financial Institution (CDFI) and is an authorized Community Reinvestment Act (CRA) program.
Since 1984, Ways to Work nationally has provided several million in loans to thousands of families. The local Horizons Ways to Work program was established in 2008. We understand that even hardworking people need financial assistance at various times in their lives. The Horizons Ways to Work program assists low-income families by providing small loans for a vehicle purchase or other purposes which allows them to stay on the job or in school, even when faced with unexpected challenges.
The Horizons Ways to Work Program is not:
- An emergency loan program
- An entitlement program (loans must be paid back)
Eligibility
- Continuous Employment at least 20 hours per week, for the last six months or pursuing post-high school education.
- Other loan sources exhausted.
- Sufficient disposable income to repay the loan.
- Involved parent of dependent child (children).
- Reside in Linn, Benton, Iowa, Jones, Cedar or Washington Counties.
Loan Terms
- Interest: 8% maximum
- Loan length: 24 months
- Maximum Loan: $4,000 vehicle purchase $800 vehicle repair or other
Application Procedures
- Contact Horizons Ways to Work Program Director, Kathi Moss at Horizons at 398-3576 or 800-826-3574 to determine eligibility.
- If eligible, an appointment will be scheduled, and an intake packet will be sent.
- A Counselor will meet with the applicant to discuss how the program may fit the applicant’s needs.
- Appropriate applications are presented anonymously to a loan committee, composed of community members, for approval.
- Prior to disbursement of loan funds the applicant must complete a Horizons basic financial literacy class.
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