It may be simple to dismiss Grace Period’s tiny storefront on East Ohio Street. From the exact same North Side road as a check casher and a rent-to-own socket, you could miss it or mistake it for the storefront church.

But inspite of the space that is unimposing Grace Period — a nonprofit that produces little loans to its clients and needs them to invest in spending less — boasts 1,800 users. 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 relocated to a more impressive workplace at 632 E. Ohio St. Its new part location has more exposure, that is crucial because the nonprofit functions such as for instance an outlet that is retail.

Unlike large amount of companies in struggling communities, nonetheless, Grace Period is supposed never to make money from monetaray hardship, but to greatly help individuals from it.

“It really is a place that is good” states Frank Freeman, 59, a retired steelworker who looked to Grace Period as he “started falling just a little short” between their monthly retirement checks. “If you’ll need just a little cash, and you also desire a hand, they are able to allow you to out.”

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