By The Numbers
Since 2012, SEG has made 79 emergency loans to people in the community totaling $49,061.11. At an average loan of $626, these small zero-interest advances help keep people out of payday or other high interest loans with expensive fees and interest rates. Loans range in size from the smallest loan of $92 to over $1,000. Of these loans about 42% were made to women, 53% to men, and 5% to couples. Typically, requests are for assistance with car repairs or after a health related crisis to help with loss of income. Sometimes, loans are requested to help pay for large unexpected bills like a rent deposit or a house repair.