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But despite the unimposing area, Grace Period — a nonprofit that produces little loans to its clients and needs them to invest in saving cash — boasts 1,800 users. final year it made $1.5 million in loans, a hundred or so dollars at any given time. Having exposed its doorways in October 2007, the business recently relocated to a bigger workplace at 632 E. Ohio St. Its brand brand new part location has more presence, which will be essential considering that the nonprofit functions such as for instance a retail store.
Unlike a complete large amount of organizations in struggling communities, nevertheless, Grace Period is supposed never to benefit from monetaray hardship, but to help individuals from the jawhorse.
“It really is a place that is good” claims Frank Freeman, 59, a retired steelworker who looked to Grace Period as he “started falling only a little quick” between their month-to-month retirement checks. “If you want only a little cash, and you also desire a hand, they are able to allow you to out.”