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Specialized banks to serve the unbanked the answer to minimizing poverty, Arkansas founder says

Community Development Financial Institutions are the answer to minimizing poverty and closing the racial wealth gap, People Trust Loan Fund founder Arlo Washington said Thursday at a screening of an Oscar-nominated film about him at the William H. Bowen School of Law. “The Barber of Little Rock,” was one of five nominated for Best Documentary […] The post Specialized banks to serve the unbanked the answer to minimizing poverty, Arkansas founder says appeared first on Arkansas Advocate.

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I've Lent People in Need $63M to Pay Rent, Buy Homes, Improve Lives

In 2013, Arlo Washington lent $150 to a customer. Now the "Barber of Little Rock" issues high-risk loans to people often denied by traditional banks.

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