Meet Lavar Rounsville.
Little Rock, Arkansas native grew up in low- and moderate-income community plagued by concentrated poverty. Lavar, due to limited resources and opportunities in his community made some poor choices and landed himself in prison.
Incarcerated for four long years upon being released from prison had to return to the same impoverished life that led him to jail, had very little hope and could not see light of opportunity to advance at the end of the tunnel.
PEOPLE TRUST and CBA Fund: Enabling Life-Changing Opportunities Through Small Dollar Loans
On his first day of being released a local advocate for the Re-entry population told him about PEOPLE TRUST Community Loan Fund and a re-entry grant program that they offered for newly released individuals who needed a hand up to get back into society.
Mr. Rounsville was able to not only get the re-entry grant but was also able to secure a Small Dollar Loan from PEOPLE TRUST. Prior to being incarcerated Lavar had never had formal financial education or knew anything about his credit profile or credit scores with a score of average score of 450.
"That loan helped me to catch up on bills, change my living situation, helped with transportation, and now I own four vehicles and my credit is doing great, from a 450 to 607.
"That loan helped me to catch up on bills, change my living situation, helped with transportation, and now I own four vehicles and my credit is doing great, from a 450 to 607. "
"The Small Dollar Loan Program has been a lifeline to my life and now I can see the light of many opportunities at the end of the tunnel. I went from being unbanked to banked and I have a brighter future for me and my children. "