One Economy Financial Development Corp.

onsider the contrasts in these statistics when it comes to finances:
-- 22.1% of Black Des Moines residents are unbanked compared to 3% statewide

-- 31.8% of Black Des Moines residents are underbanked compared to 13.5% statewide

-- Blacks are denied loans at a rate 2.2x higher than the Polk County average (24.15% compared to 10.94%)

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How OEFDC and Our Partners Work for Change
-- We provide personal financial coaching to help people understand the value of their money, protect against financial vultures, predatory lending, and payday lending.

-- We provide small-dollar loans to help individuals with necessary financial obligations, give them an alternative to predatory lending, and help them establish or build credit.

-- In collaboration with our partners, we offer an array of services to help Blacks and low-income individuals and entrepreneurs to start new businesses, grow existing businesses, and provide resources for them to be successful, viable businesses for their communities.