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Center for Social Capital Launches Compensating Balance Loan Fund: fighting poverty through employment

Half of all working-age adults experiencing income poverty have a disability.

Jesse just received a $5,000 Compensating Balance Loan from Calhoun Bank of Gilmer Co., West Virginia. Branch Manager Brenda Wolfe presented Jesse with the loan check he will use to purchase resources in the form of equipment, enabling him to land a job at the Self-Suds Laundromat. This is quite a feat for a 26 year old man who has never had a job, lives in a rural community with high unemployment, has no transportation or credit history, and lives below the federal poverty level.

Full Story: http://jobsquadinc.blogspot.com/2011_04_01_archive.html

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