New program to help Flint-area residents ease financial woes, fix credit

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Flint, MI — Well of Hope, a Flint-based nonprofit focused on breaking the cycle of poverty, is accepting essays to help selected Flint-area residents alleviate debt and increase their credit scores.

Genesee County residents are being asked to submit essays as to what debt is keeping them from increasing their credit score and possibly preventing them from securing loans and other financial needs. The new program is funded through a $2,000 grant from the Community Foundation of Greater Flint.

In addition to the financial award, Elga Credit Union is offering Success Coach Sessions to recipients to assist with creating a budget and learning strategies to maintain financial freedom.

“Credit is key to life and without good credit, it is impossible to obtain financial freedom,” said Well of Hope Program Coordinator, Chia Morgan. “Well of Hope wants to ensure that we are doing our part to give a jump start to an increased credit score this holiday season.”

Four recipients will be chosen and essays can be emailed to chiamorgan@gmail.com. Recipients will be notified by Nov. 11, 2019.

About Well of Hope

Well of Hope is a 501c3 organization that was founded in 2005 and operates from the mission “Breaking the cycle of poverty”. Annually Well of Hope hosts an annual Thanksgiving Dinner that feeds 600 guests, operates two free-standing food pantries in the City of Flint and works with other organizations to provide resources to help families and children in Flint and Genesee County.

About The Community Foundation of Greater Flint

The Community Foundation of Greater Flint serves the common good in Genesee County—building a strong community by engaging people in philanthropy and developing the community’s permanent endowment—now and for generations to come. CFGF helps donors support the causes they care about, today or through their estates. Since 1988 the Community Foundation has granted more than $130 million to nonprofit organizations to build a thriving community. CFGF serves Flint and all of Genesee County including its Community Funds in Clio, Davison, Fenton, Flushing and Grand Blanc.

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