Community Financial Resources

Program Area(s)
Grantee NameCommunity Financial Resources
Address771 Euclid Avenue
Berkeley CA, 94708
United States
Websitehttp://communityfinancialresources.net/
Description

Community Financial Resources (CFR) partners with community organizations and free tax-filing sites to connect low-income individuals with consumer-friendly banking tools that build financial skills and assets. Its innovations include a low-interest, secured Visa credit card that’s collateralized by the borrower’s own savings. This financial product helps people improve their credit score and set aside emergency savings. In 2014, 1,200 low-income individuals used CFR’s financial tools as an alternative to check cashers.

Grant Amount$25000
Project Dates05/21/15 - 05/21/16
Serving United States/California/Alameda/Berkeley

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