"I enjoy working with diverse people and helping people in need prepare for a brighter financial future."
FAIR -- The Financial Access In Reach Initiative
The Financial Access in Reach (FAIR) Initiative is a cross-sector collaboration, led by Prepare + Prosper, consisting of nonprofits, public, philanthropic and community partners who share a vision of connecting financially underserved consumers to opportunities that increase their financial health and wealth.
FAIR: Financial Solution
At the core of FAIR is the three-product Financial Solution, issued through Guaranty Bank, designed to help individuals transact affordably and safely, build savings and credit, and rid themselves of high-cost fees and interest from predatory financial prodcuts and services. The products were built with input from more than 150 financially underserved consumers.
FAIR's distribution model is unique. It won't rely on bank branches, instead will be offered in places people live, work, and receive services like nonprofits and employers.
We are currently enrolling up to 50 people in the products. We will spend six months learning from them and their experiences, adjusting and tweaking the products and distribution model for a pilot in summer 2017 and full launch in summer 2018.
If you're interested in:
- Learning more about the inititative, call Anne Leland Clark at 651-262-2152.
- Getting the products or becoming a distributor, contact Brian Crosby at 651-262-2173.
- Supporting the FAIR initiative finacially, contact Adam Faitek at 651-262-2153.
- If you're a member of the media, contact Stacy Opitz at 651-262-2162.
Aug. 17, 2015: Star Tribune's "Legislators set to try again on rate and loan caps"
April 28, 2015: MinnPost's "It's expensive to be poor in the Twin Cities"
April 26, 2015: Star Tribune's "No checking account? Be prepared to lose money and time."