Capital Good Fund

Jake Rustenhoven / CC BY 2.0

The Capital Good Fund, a nonprofit micro-lender, has begun offering loans to Rhode Island residents hoping to renew or apply for the first time for Deferred Action for Childhood Arrivals. DACA allows undocumented residents brought as children to the U.S. to avoid deportation.

In Woonsocket Monday, a dedication ceremony will be held for a non-profit that helps people avoid the pitfalls of payday lenders. It's known as the “Capital Good Fund.”

Capital Good Fund is a brick and mortar store that offers people an alternative to high priced payday lenders.  Funded by a 57-thousand dollar grant from the United Way, it expects to help 600 people a year, according to founder and director Andy Posner.