Resources for Single Moms
AutoCare Haven
Helps with auto repairs
Autocare Haven is funded by generous individuals and organizations which we use to pay mechanics to offer their services for free to needy and working poor of Dallas, TX.
For those interested in having their vehicle repaired by a qualified mechanic in our network, please review the criteria and submit an application. 01 SUBMIT AN APPLICATION To determine if you qualify for our services, you will need to fill out an application which our team will review to determine eligibility. If you qualify, one of our team members will contact you. 02 HAVE YOUR VEHICLE DIAGNOSED If selected, one of our qualified mechanics in our network will contact you and set up a time to conduct a vehicle diagnostic. Once the issue has been identified, we will review the solution and make a final determination on moving forward. 03 GET YOUR CAR FIXED If chosen to have your vehicle repaired by one of our qualified technicians, a date and time will be set up for them to come out and fix your vehicle.
Click here to sign up
Car Loans
Champion Impact Capital created the On the Road Lending initiative to address the need for low- to moderate-income working people with credit challenges to obtain affordable loans to purchase fuel-efficient, reliable transportation. The underlying social purpose is to enable people to find and retain good employment, avoid predatory lending, and build healthier lives as a function of being able to access good food, seek preventative or emergency health care, reduce stress, and increase access to social networks.
The structure of the initiative includes two separate supporting components—a loan fund capitalized through impact investment, and a sidecar nonprofit that provides wraparound services.
OTR FUND IOTR Fund I is an impact investment for-profit limited liability company. Investors include individuals, corporations, foundations and institutional investors. Capital placed in the fund is used to provide loans financed at more favorable terms than the borrower could otherwise obtain to purchase newer-model (2013–2016) cars that are affordable and highly fuel-efficient with a reduced carbon footprint of about 35% over vehicles the clients trade. Because they are newer models, they are able to have a warranty that reduces the likelihood of costly, unforeseen repairs that often drive these borrowers to payday lenders.
The fund pays its investors an annual preferred return of 3% on their invested capital. Because of the emphasis on getting clients into cars that are better for the environment, as well as the fixed income nature of the return, the fund operates similar to a “Green Bond.” With the intent of the investment to generate financial, social, and environmental returns, the fund is considered an “impact investment” vehicle. While the fund is a for-profit company, the large (60%) tradeoff of potential revenue from discount-to-market interest rates, makes the fund a social enterprise.
For more go to www.ontheroadlending.org
The structure of the initiative includes two separate supporting components—a loan fund capitalized through impact investment, and a sidecar nonprofit that provides wraparound services.
OTR FUND IOTR Fund I is an impact investment for-profit limited liability company. Investors include individuals, corporations, foundations and institutional investors. Capital placed in the fund is used to provide loans financed at more favorable terms than the borrower could otherwise obtain to purchase newer-model (2013–2016) cars that are affordable and highly fuel-efficient with a reduced carbon footprint of about 35% over vehicles the clients trade. Because they are newer models, they are able to have a warranty that reduces the likelihood of costly, unforeseen repairs that often drive these borrowers to payday lenders.
The fund pays its investors an annual preferred return of 3% on their invested capital. Because of the emphasis on getting clients into cars that are better for the environment, as well as the fixed income nature of the return, the fund operates similar to a “Green Bond.” With the intent of the investment to generate financial, social, and environmental returns, the fund is considered an “impact investment” vehicle. While the fund is a for-profit company, the large (60%) tradeoff of potential revenue from discount-to-market interest rates, makes the fund a social enterprise.
For more go to www.ontheroadlending.org