ERIC Number: ED348835
Record Type: Non-Journal
Publication Date: 1987-Jun
Reference Count: N/A
Revolving Loan Funds: Expanding Equipment Credit Financing Opportunities for Persons with Disabilities.
Reeb, Kenneth G., Jr.
This document is intended to encourage organizations that serve persons with disabilities to explore the potential for expanded credit opportunities for their constituencies, particularly credit financing for assistive aids and devices. The paper contends that there are significant numbers of persons with disabilities who could effectively handle financial responsibilities associated with purchasing needed equipment using credit, and that these persons should have opportunities to demonstrate their credit worthiness. The concept of establishing a revolving fund is introduced as a method of improving the availability and affordability of credit. This fund can be used either to provide equipment loans directly or to guarantee commercial loans. The report also captures many of the insights of organizations around the country that have pioneered implementation of the revolving fund concept. The report offers a step-by-step outline, from addressing financial needs, designing the service, and costing/pricing the service, to determining fund size, establishing the fund, and marketing the service. Appendixes contain a list of model programs and sample loan application forms. (JDD)
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Policymakers; Practitioners
Sponsor: National Inst. on Disability and Rehabilitation Research (ED/OSERS), Washington, DC.
Authoring Institution: Electronic Industries Foundation, Washington, DC. Rehabilitation Engineering Center.