Community Financial Resources
|Grantee Name||Community Financial Resources|
|Address||771 Euclid Avenue|
Berkeley CA, 94708
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.
|Project Dates||05/21/15 - 05/21/16|