Learn how Catholic Charities’ Family Loan Program of Danbury helped a single mother overcome transportation challenges and build long-term financial stability through affordable loans and one-on-one budgeting support.
April is Financial Literacy Month, a time dedicated to enhancing our understanding of personal finance and empowering individuals to make informed financial decisions. At Catholic Charities of Fairfield County, we recognize the profound impact that financial education can have on individuals and families striving for stability and self-sufficiency. To support this mission, we offer specialized programs in Danbury and Norwalk designed to provide both financial education and access to low-interest loans for essential needs.
During periods of inflation, every dollar buys less than it did before, eroding purchasing power, affecting savings, and impacting overall financial well-being. “Financial literacy is always an important tool for our clients. However, in hard economic times when inflation is high, the importance of financial literacy cannot be overstated,” states Donoghue. “It is one of the reasons why Catholic Charities offers two financial literacy programs, one in Danbury and one in Norwalk. We have seen how crucial financial literacy is for the long-term success of our clients.”
The Family Loan Program of Danbury stands as a beacon of hope and empowerment for families seeking to improve their financial well-being and access essential resources. Through financial education, special car loans, and a commitment to inclusivity, the program has enabled families like Tanairy’s to embrace a brighter future.
If you have children who live with you most of the year, your family may qualify for a new Federal payment program that started in July 2021. This program is a part of the American Rescue Plan signed by President Biden.