Baylor Business Faculty Member Involved in Bringing Affordable Loans to the Waco CommunityApril 25, 2017
The Community Loan Center of the Heart of Texas (CLCHOT) is a nonprofit that is helping Waco in a sustainable way. CLCHOT provides a low cost, employer-based alternative to payday and title loans. As CLCHOT continues to grow, it will expand the loan program to Temple, Belton and Killeen.
Helping lead this effort is Ernest Fletcher, Jr., (BBA 1975/ MBA 1990) Senior Lecturer in Finance. Mr. Fletcher serves as treasurer and a member of the Board of Directors.
In addition to these affordable loans, financial counseling services are provided to help borrowers manage their personal finances and use credit responsibly.