Word: loan
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Each HOP client receives a $400 loan, but the circumstances of each case vary widely...
Interviews last about 30 minutes, and focus primarily on the client's financial situation and need for a loan...
...assess if our loan can actually help this person," says Richard C. Worf '03, the chair of the client loans committee. "We don't want to burden them with a loan that we don't think can help them...
...interviewer then becomes an advocate for that individual, with the responsibility of supporting the claim at HOP's weekly meeting, held every Thursday at 5 p.m. At the meeting, group members debate the merits of each case and decide, by consensus, whether or not to offer the client a loan...
...group decides to offer a client a loan, the individual must again travel to PBH, to sign a contract specifying the terms of repayment...