The Community Loan Center of Southeast Missouri was established in 2020 to offer low-interest personal loans to employees in the community as an alternative to high-cost payday loans.
The Community Loan Center of Southeast Missouri is a program of Southeast Economic Development Fund, Inc., a nonprofit organization based in Park Hills, Missouri.
Southeast Economic Development Fund, Inc. was founded in 2014 by East Missouri Action Agency as a way to provide Access to Capital, Small business training and assistance and Resources close to home to entrepreneurs. Since then it has become apparent that our community also needed an alternative to predatory lending which opened the door to establishing the Community Loan Center of Southeast Missouri.
Southeast Economic Development Fund, Inc.’s mission is to create economically diverse neighborhoods filled with financially empowered neighbors and housing for all.
Employees of these organizations are already enjoying the benefits of a Small Dollar Loan workplace:
- East Missouri Action Agency
- St. Francois Co Government
- St. Paul Lutheran Church & School
- LIFE Center for Independent Living
- Fischer Furniture
- Shepherd Mountain Inn
- Rocky Creek Youth Ranch