“We work with a local church to provide payday lending alternatives. The purpose of the loan is to get people out of the payday lending cycle. We will loan up to $1000 to a person (member) at a rate that is just 2% above our lowest share rate. They agree to make monthly payments and are counseled on finances. The church backs the loan and will pay the loan off from their benevolent fund if the member stops paying. We are planning to open this program up to other churches in Frankfort, Georgetown, and Louisville.”