It may be simple to dismiss Grace Period's little storefront on East Ohio Street. In the exact same North Side road being a check casher and a rent-to-own socket, you could miss it or mistake it for the storefront church.
But regardless of the unimposing room, Grace Period -- a nonprofit that produces tiny loans to its clients and needs them to invest in spending less -- boasts 1,800 people. Final it made $1.5 million in loans, a few hundred dollars at a time year. Having exposed its doorways in October 2007, the business recently moved to a more impressive workplace at 632 E. Ohio St. Its brand brand brand new part location has more exposure, which can be crucial because the nonprofit functions like a store.
Unlike a complete great deal of companies in struggling communities, nevertheless, Grace Period is supposed to not benefit from pecuniary hardship, but to help individuals from it.
"It is a great place," claims Frank Freeman, 59, a retired steelworker who looked to Grace Period as he "started falling just a little quick" between their month-to-month retirement checks. "If you'll need a little money, and also you require a hand, they are able to assist you to out."