Southern Mutual Financial Services (SMFS)
Click here for the SMFS web site
Families in Southern Mutual Financial Services, Inc.'s (SMFS's) Statewide Rural Investment Area are poor
They live in the poorest state in America. They pay too much in rent and for the money they borrow. They are struggling to overcome the plantation ownership mentality that pervades South Louisiana. They have lost hope.Nearly 40 percent of the population in Southern Mutual Financial Service's Investment Area lives in poverty. Over one-third of renters pay over 30 percent of their income in rent. Home Mortgage Disclosure Act (HMDA) reporting data shows that low-income families, women, and people of color are denied mortgage loans at a disproportionately high rate. Families in SMFS’ market have limited access to affordable finance, and must turn to subprime and predatory lenders for their financing needs.
The
need is real.
The demand is high.
With your help, Southern Mutual Financial Services can make a
significant difference in bridging rural, gender, race, and income gaps in
the nine parish Investment Area in the deep South. Click here to donate, or click here to visit the SMFS web site for more details.Return to top of page
