Associate Professor
Michigan State University
Report
465
Number
Jan 30 2019
Domestic Violence Recovery (DVR) Loan Program - Year Three Report
Survivors of domestic violence face unique financial challenges. This report provides an update on the Domestic Violence Recovery Loan program. While the current iteration of the program may not be financially sustainable for credit unions at scale, it has identified a crucial need for a particularly vulnerable population.
Report Number 465
Executive Summary
The Domestic Violence Recovery (DVR) Loan program launched in 2014 through the collaboration of six organizations serving domestic violence (DV) survivors in a tri-county area of mid-Michigan, the Michigan State University Federal Credit Union (MSUFCU), and Adrienne Adams, the principal investigator. This program set out to devise a loan product to meet the needs of DV survivors, especially the need for immediate social and financial support after separating from an abusive partner.
In addition to the full report, we unpack the research that built the DVR loan program and how it works in practice in this podcast.
Sponsors
Filene's Center for Consumer Decision Making is generously funded by:
In Action
Help Your Community
Employer-Sponsored Small-Dollar Loan
Collaborate with employers in your community to provide safe, affordable loans that help hardworking employees avoid predatory rates and fees...
Help Your Community
Non-Prime Auto Loans
Having reliable transportation allows for increased access to employment, housing, and education. However, many credit challenged consumers lack reliable transportation...
Related Research
