· Sevak Solutions' online
tools will promote good financial
practices. US Military members will
accumulate Social Capital "SoCap"
from references, financial education
and prudent money management.
· Sevak's micro lending
program will be accessed through
direct referrals from participating
Credit Unions, military advisors,
and other nonprofit agencies
providing support and aid to the
target population of financially
distressed military personnel.
· Approved loan
origination and servicing will be
via participating Credit Unions
followed by a loan made from Sevak's
loan pool funds. Repayments are
"evergreen" and are recycled into
· Initially, enlisted
U.S. Military personnel and their
families with low to moderate
earnings. Subsequent expansion is
planned for members of other
affinity communities who also have
low to moderate earnings and are
experiencing difficult times.
· Pilot activities
will take place in metropolitan San