Market Watch: Innovative Microloan Product to Ease Pathway to Citizenship for Legal Immigrants

"LANGLEY PARK, Md., Nov 01, 2011 (BUSINESS WIRE) — Today, Citi Community Development and CASA de Maryland (CASA) launched an innovative microloan program for legal permanent residents seeking to become naturalized citizens. CASA will collaborate with two community development financial institutions (CDFI's) – the Latino Economic Development Corporation (LEDC) and the Ethiopian Community Development Council Enterprise Development Group (EDG) – to launch and test the innovative citizenship microloan program that will lower the financial barriers to naturalization while simultaneously building an individual's credit and financial literacy. The loan program is the latest addition to a set of naturalization services available through Citizenship Maryland, a wrap-around comprehensive effort led by CASA and participated in by partner AmeriCorps volunteer host organizations that seek to support the hundreds of thousands of eligible legal permanent residents in Maryland in becoming citizens."  Read more …

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