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Ways to Work
Family Loan Program
Despite working hard at their jobs, many of Hawaii’s families live paycheck to paycheck. Life’s unpredictable challenges, such as repeated car breakdowns or the lack of a car altogether can plunge a family into a financial crisis. On Oahu, many such families commute long distances by bus because they cannot afford to live where there are employment opportunities.
American Savings Bank is working with the YWCA to assist low income families on Oahu. We offer qualifying borrowers access to credit and opportunities for economic self-sufficiency by providing loans to help low-income families with the purchase of a used car, pay for necessary repairs, child care, or certain other needs.
This unique program provides an opportunity for families who cannot get a loan elsewhere and allows them to repay the loan at a modest interest rate.
Benefits You’ll Receive
- Quick loan approval
- Low, fixed interest rate and payment amount
- Loan amounts from $500 to $4,000 upon approval
- Confidential service
- Transfer funds, check your balance, and get access to account information through AccountAbilitySM bank-by-phone service
Who Can Apply for a Loan?
To qualify for the Ways to Work Program, you must:
- Have enough disposable income to make monthly loan payments
- Be employed at least 19 hours per week for 6 months or be a post high school student with verifiable income
- Have a household income that is no more than 80% of median for the area
- Be a parent and an Oahu resident
How Does the Program Work?
If you’re interested, please call the YWCA of Oahu at (800) 808-538-7061 ext. 0 to see if you qualify to participate in the Ways to Work Program. Loan decisions are made by a committee of volunteers from banking, business, social service, and public administration professions. After approved customers attend money management training, all loans are funded, closed, and serviced by American Savings Bank.
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