This program enables women to obtain quality vehicles from vetted and reputable car dealers. Oakridge will provide access to secured bank loans allowing participants with limited or poor credit to apply for a low-interest car loan through a lending partner. Vehicles priced from $8,000-$10,000 will be available with a 36-month loan. Iowa Women’s Foundation funding will allow up to 10 additional clients to purchase vehicles in 2023.
Social Change: The Wheels of Hope program is designed to help women obtain financial stability through reliable transportation to get or keep a job. Money management training, upon which future financial stability can be built, will also be a component of qualifying for this program.