The CARes Project ready to serve the citizens of Davie County

The CARes Project ready to serve the citizens of Davie County

CARes will have a ribbon cutting and Open House on Tuesday, October 17th at 4:00PM at the United Way of Davie County, 121 Country Lane, Mocksville, NC 27028.  
CARes is a United Way of Davie County breakthrough initiative to provide low-income, credit-challenged working adults living in Davie County the opportunity to qualify for a low-interest car loan while receiving ongoing financial and credit coaching.
 
“The United Way of Davie County, through The CARes Project, will help meet the needs of many Davie County residents for a dependable car through an affordable car loan,” states Melinda Beauchamp, Chief Executive Officer of United Way of Davie County.  “I have been working with David Roddick, who is now serving as the CEO of The CARes Project, Inc., since 2013 to bring a program like this to Davie County. At long last, it’s really going to happen! CARes is designed to be much more than just a loan program – it will offer extensive and ongoing financial counseling and coaching to all clients it serves.  CARes is not a hand-out program – it’s a hand up program.” 
 
The CARes Project, Inc. is housed in an office inside the United Way building.  CARes is a 501-c3 non-profit corporation and an emerging Community Development Financial Institution (CDFI) through U.S. Treasury.  The CARes Project was recently awarded a substantial grant from the CDFI Fund to help with operational overhead in 2018 and 2019.   The CARes Project is also funded by the United Way of Davie County, The Davie Community Foundation, and private donors.
 
“After looking at many options, Melinda and I determined that the best way to make this program happen was to become a CDFI” said David Roddick, CEO of Cares. “We will be offering loans to working adults that cannot qualify for a bank or credit union loan.  One of our goals is to get each client that goes through the program from “unbankable” when they start to “bankable” by the time they are done.  We will do this by helping each client build or rebuild their credit.  We will also offer what I am calling “fast track” to help persons who contact CARes but who are very close to being able to secure a loan on their own. This program will help them improve their credit and qualify for a conventional bank or credit union loan… thereby not needing a loan from CARes.”  
 
For further information on CARes contact David Roddick at 336-751-0313 or david@thecaresproject.org. You can also find CARes at www.thecaresproject.org.