LOAN FOR HOMELESS PEOPLE

LOAN FOR HOMELESS PEOPLE

HOMELESS CASH FACILITY LOAN FOR HOMELESS PEOPLE FUNDING IN CASE OF HOMELESSNESS ASSISTANCE AID FOR HOMELESS FAMILY WELFARE LOAN NON-REPAYABLE FINANCIAL AID

A loan for homeless people is by definition a funding facility that is granted by specialized financing organizations for the benefit of people who do not have a stable or fixed address and who are looking for financing.

A loan for homeless persons is dedicated to assist a population with no permanent home which means it has the intention to address the financial issued faced by people how are living in public spaces, parks, shelters or living with other people because they nowhere to live.

The funding facility for a homeless borrower will for the first time allow people who do not have a home to access funds and therefore money as a contribution to their banking and social inclusion.

DEFINITION OF HOMELESS. WHAT IS A HOMELESS PERSON?

A homeless person, as the word says, is a person who does not have a stable address and who for exceptional circumstances, whether intentional or not, found himself or herself homeless with the only alternative of being on the street or staying in dormitories or sometimes with people who help out.

WHAT IS A LOAN IN CASE OF HOMELESSNESS?

A loan for homeless people has for sole objective to get the homeless person out of this precariousness by giving them access to social loans accessible to any individual and human being motivated to find a solution to his problem.

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CONDITIONS FOR OBTAINING FUNDING FOR A HOMELESS PERSON?

The conditions for obtaining a loan if you are homeless are of course very complex, but the possibilities are there to get a boost and get out of this situation which is far from impossible, it's all about perception: to want is to be able. Crying over your fate will not help.

Before approaching any financing organisation, preparation is a key driver for a successful application, therefore it is crucial to do some ‘homework’:

  • Proof of identity (ID, passport, driving licence).

  • Proof of administrative domiciliation.

  • Old work certificates, in case they exist.

  • Write a letter requesting social welfare funding which will allow either to give the homeless person the opportunity to look for a job by financing him a second-hand vehicle and increase his mobility or by granting him a mini-social loan to create his own micro -business.

  • Administrative conditions are one thing, but impeccable and clean presentation (not fancy, but neat) is the best way to convince even a social money lender.

WHAT TYPE OF FINANCING FOR HOMELESS PEOPLE?

The type of funding for persons facing homelessness is certainly not going to come from a commercial bank, this type of specific funding will be provided by of many actors that the majority of homeless people do not know:

  • Welfare loan or non-repayable financial aid from social allowance funds.

  • Social micro-credit available from microfinance organizations.

  • Honor loans, an initiative to help the most disadvantaged to be professionally independent.

  • Participatory donations that can be found on specialized platforms bringing together philanthropists who donate money to help people get out of poverty.