Since 1996, the year the Ways to Work program launched nationally, the extensive network of Ways to Work loan offices has provided loans to help a remarkable number of qualified low-income parents overcome barriers to remaining employed or staying in school.
Loans are available for a variety of purposes consistent with program intent. Typically, loan requests are made by applicants for automobile purchases. The size of the loan varies depending on its purpose, from $500 to $4000.
Use of Funds (1996 to Present)
| Loan Purpose |
Percent |
| Automobile Purchase .............. |
93.4 |
| Automobile Repair .................. |
3.1 |
| Housing ................................... |
2.5 |
| Other Purposes ........................ |
1.0 |
2007
| Loan Purpose |
Percent |
| Automobile Purchase .............. |
97.6 |
| Automobile Repair .................. |
1.9 |
| Housing ................................... |
0.5 |
| Other Purposes ........................ |
less than 0.1 |
|
