Starving Payday Lenders. Targeted Faith-Centered Financial Literacy trained in a Context of Concentrated Poverty

Summary

This method started with a eyesight of an even more holistic and approach that is collective faith-based economic literacy trained in the town. Initial conversations with key churches and organizations that are non-profit the CCT the self- self- confidence to purchase working out of a group. The very first two courses produced fresh fresh fresh good fresh fruit that demonstrated the effectiveness of the pedagogy and curriculum. And also this has generated the energy now being sensed by extra churches which have signed in for facilitator training. A strategy that began with one course seems on the right track to be a dozen courses being trained at access points at strategic places in low-income communities. It will make use of distribution system that takes the person that is whole, that walks along with people as they create brand new approaches to live, that starves the payday lenders, and that strengthens the church. Within the character of Nehemiah 5, where in actuality the governor made corrupt officials who had been gouging the shake that is poor their pockets and abandon their punishment, we ask the individuals of Fresno to dismantle systems that produce life harder when it comes to bad, rather equipping and empowering them. Into the character of 2 Kings 4, where Elisha devised a monetary solution when it comes to widow who had been being threatened with a creditor, we ask the individuals of Fresno to guard the marginalized from exploitation and produce brand brand brand new paths to financial security. Within the nature of Ezekiel 22, where business that is private governmental procedure had been utilized to oppress the bad and needy while the alien, we turn to the individuals of Fresno to reject systems that utilize individuals and love cash. Plus in the character of Jesus whom, whenever their disciples desired to deliver the individuals away to purchase meals, to fend on their own, stated, “You provide them with one thing for eating” (Mark 6:37 focus included).

Appendix 1

An example of verbatim commentary through the first couple of cohorts.

1 Concentrated poverty is defined by any community where 40 % or higher of this residents reside underneath the federal poverty line. Fresno has 45 census tracks that fit this designation – U.S. Census Bureau.

2 Wozniacka, Gosia, “California Poverty: Three Metro Areas in Central Valley Rank among the Poorest within the Nation,” Huffingrton Post.

3 Berube, Alan and Katz, Bruce, “Katrina’s Window: Confronting Concentrated Poverty around America,” Brookings Institute.

4 American Community Survey 5-Year Quotes, U.S. Census Bureau.

5 “Determining the amount of Establishments Per Capita,” Insight Center for Economic developing, (accessed 10) february.

6 Ellis, Blake, “Fast Cash payday advances Cost Borrowers $520 per in Fees,” CNNMoney year.

7 The reason for the CCT is always to pursue God’s abundant community in the Central Valley. The fundamental initiatives of this CCT include: faith-based work creation, GED conclusion, monetary literacy training for low earnings communities, Latino leadership certification, comprehensive immigration reform, anti-human trafficking and civic renewal. 8 Evans, Rachel Held, “What Dave Ramsey gets incorrect about poverty,” Belief we we we Blog, CNN. Today and Rivadeneira, Caryn, “Things Broke People Do,” Her Meneutics, Christianity.

9 Braunstein, Sandra and Welch, Carolyn, “Financial Literacy: a synopsis of Practice, Research and Policy,” Federal Reserve Bulletin 445.

10 Mandel, Lewis and Klein, Linda Schmidt, “Impact of Financial Literacy Education on Subsequent Behavior,” Journal of Financial Counseling and preparing, Vol. 20 problem 1, pg. 18.

11 Anderson, S.G., Zhan, M. and Scott, J., (2004) “Targeting Financial Management Training at minimal earnings Audiences,” Journal of customer Affairs.

12 Singer, Anna; Paulson, Audrey; Smith, Jeremy; Newberger, Robin: “Financial Access for Immigrants: classes from Diverse Perspectives,” Federal Reserve Bank of Chicago, The Brookings organization.

13 Vitt, Lois A.; Anderson, Carol; Kent, Jonnie; Lyter, Deanna M.; Siegenthaler, Jurg K.; Ward, Jeremy, “Personal Finance therefore the Rush to Competence: Financial Literacy Education into the U.S.”, Institute for Socio-Financial Studies, Fannie Mae Foundation.

14 For the detail by detail description for the content and process please consult the Capstone venture of Andrew Feil, presented to Bakke Graduate University (www.BGU.edu) in partial satisfaction when it comes to demands for a master’s level, “Faith and Finances: Financial Literacy Training for Low-Income Residents in Fresno,”.

15 Churches: Westside Church of Jesus, Bethany Inner-City Church, On Ramps Covenant Church, Hope Now Bible church, increasing celebrity Baptist Church, just how Christian Fellowship, United Faith Christian Fellowship.

16 See appendix 1 for verbatim responses.

17 Conference call conversation with F&F Director Jerilyn Sanders of this Chalmers Center.

18 National People’s Action, “Profiting From Poverty: exactly How Payday Lenders Strip riches through the performing bad for Record Profits,”.

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