The Cooperative Bank of Cape Cod announces that FAIR (Financial Assistance in Reentry) Project, Inc., its nominee for a Massachusetts Bankers Association (MBA) Charitable Foundation award, has received an Honorable Mention designation with an accompanying $1,500 grant.
FAIR Project, Inc. is Cape-based nonprofit organization that is dedicated to improving the lives of formerly incarcerated people through financial lending and community support. It helps recently released individuals legitimately overcome financial barriers to get resettled in their communities by providing low-interest loans. Repaid principal and interest are reinvested, which increases the organization’s capacity to serve more individuals.
“FAIR is very grateful to the Massachusetts Bankers Association for their generous donation, and to The Cooperative Bank of Cape Cod for nominating us,” said Jud Phelps, vice president, FAIR Project, Inc. Board of Directors. “The formerly incarcerated population on Cape Cod is a vulnerable group who face unique challenges. FAIR will put this donation to good use and make a significant difference in the life of a person who truly needs it.”
Additional information about FAIR Project, Inc. can be found here.
“FAIR Project gives hope for the future by providing a second chance to formerly incarcerated individuals returning to the community and looking to rebuild their lives,” said Lisa Oliver, Chair, President and CEO of The Cooperative Bank of Cape Cod. “The Coop is proud to support FAIR Project and its efforts to provide clients with resources needed for successful reentry and reducing recidivism.”