Appalachian Opportunity Fund is a 501(c)(3) social enterprise helping individuals find freedom from financial stress and achieve their financial goals. As a startup, we depend on the generosity of people who are passionate about helping eliminate financial stress. All donations to Appalachian Opportunity Fund are tax deductible.
Over a 1- to 18-month period, we build authentic personal relationships with your willing employees. AOF creates a judgment-free zone, which encourages your employees to open up and share their stories.
As we learn your employees’ stories we’re able to help them:
Understand where their money goes
Form a realistic budget that they can live by
Learn to talk to their creditors (many are willing to negotiate!)
Evaluate options to refinance their high-interest debt
Lower their financial stress and reach their financial goals
We believe in the long-term value of “teaching a person to fish.” We also see that, sometimes, a person needs someone to give them a fish while they’re still learning.
The Financial Freedom Fund fills that role. It works like this:
AOF deposits funds at the client’s bank or credit union
The bank/credit union grants the client a low-rate loan secured by AOF’s deposit. Underwriting is limited because the loan is secured by cash.
The loan proceeds are used to pay off predatory debt
The client then has extra monthly cash flow available for necessities.
*The Financial Freedom Fund is available only to clients who have demonstrated they are committed to improving their financial health and are engaged in the PCFC process.
Eligibility to participate in the Financial Freedom Fund is not determined based on race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, age, military service status, source of income, or any other characteristic prohibited by law.