Without a doubt about how loan that is small-dollar could be a large advantage for workers

As program grows, loans smaller, rates of interest lower

Financial counseling is just one of the numerous solutions supplied by Minnesota’s biggest nonprofit, Lutheran Social provider (LSS), so that the company’s very own recruiting (HR) workers are often looking for methods to help their particular workers’ economic capability. Once they heard of TrueConnect, a course enabling companies to supply immediate access to credit with their workers, a lamp continued.

“We know from our counseling that is financial work town that there surely is this importance of usage of credit. TrueConnect ended up being a means we’re able to begin to fill that space for the very own workers,” said Kristine Thell, accounting supervisor at LSS.

Year TrueConnect allows LSS employees to take out loans of $1,000–$3,000 that have an APR 1 of 24.99 percent and a repayment period of one.