Loans – Arab Center http://arabcenter.net/ Sat, 18 Sep 2021 01:27:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://arabcenter.net/wp-content/uploads/2021/05/cropped-icon-32x32.png Loans – Arab Center http://arabcenter.net/ 32 32 Staten Island Golden Gloves contender, 32, identified as fatal shooting victim https://arabcenter.net/staten-island-golden-gloves-contender-32-identified-as-fatal-shooting-victim/ https://arabcenter.net/staten-island-golden-gloves-contender-32-identified-as-fatal-shooting-victim/#respond Wed, 07 Apr 2021 23:17:08 +0000 https://arabcenter.net/staten-island-golden-gloves-contender-32-identified-as-fatal-shooting-victim/

STATEN ISLAND, NY – A 32-year-old boxer has been identified as the man shot dead in an early morning homicide in Clifton on Sunday.

Graschino Yancy, a former Daily News Golden Gloves competitor, was shot in the leg in the back of 260 Park Hill Ave. around 12:40 a.m. Sunday, according to police.

Yancy was attending a barbecue in the neighborhood and was in the borough to mourn the loss of a family member when he was shot, police said.

He recently returned to New York City from Minnesota where he worked as a construction worker, said Pat Russo, 58, a retired cop and boxing program director on the borough who worked in the ring with Yancy.

“He was a good fighter, but he was also a good person,” Russo said.

As Yancy grew up in the Island’s Atlas Cops & Kids Boxing Club program, Russo said the Clifton native felt a desire to give back. “As he got older he became one of our coaches there, one of our mentors,” Russo said, “because he appreciated what the gym did for him. and he became a trainer. “

Speaking of Yancy’s selfless nature, Russo was resolved – “Her life mattered.”

Tributes to Yancy poured into Facebook on Sunday as family and friends mourned her death.

“I ask all who knew him and who love him to celebrate his life with love and laughter in these difficult times,” the victim’s sister, Elle, wrote on Facebook. “If you knew how light Grash is (‘is’ because his energy will never die) you would understand that is what he would want now.”

“Let’s channel these painful emotions into positivity and help his mind return in peace to his Creator with his big white and beautiful smile as we remember and celebrate the light, laughter and genuine energy that he has brought into our lives. one way or another, form, or form, ”she added.

Candles were lit in his honor not far from where was shot on Sunday morning.

“Hearing the death of a humble man like Grashino Yancy is very disturbing to me,” one person wrote on Facebook. “He didn’t deserve this. “

“You were there for me and many others during the tough times,” wrote another friend. “We will never forget you.”

The NYPD cordoned off a section of Park Hill Avenue after the shooting. (Staten Island Advance / Joseph Ostapiuk)

Hours after Yancy’s death, a second shootout occurred just steps away near 225 Park Hill Ave., Advance / SILive.com previously reported.

A 43-year-old man was shot dead and taken to Staten Island Teaching Hospital in Ocean Breeze following the incident, but is expected to survive, police said.

A section of Park Hill Avenue near Sobel Court was cordoned off after the shooting as the NYPD investigated the area.

Juan, who was visiting a friend and provided only his first name, said he heard three gunshots while in one of the Park Hill apartments on Sunday afternoon. “It was loud,” Juan said. “It’s scary.”

No arrests were made in the two shootings, police said.

Man shot dead in Mariners Harbor grocery store

Duct tape remains around the Holland Deli on Richmond Terrace on Thursday, July 23, 2020, a day after Kaseem Scott, 25, was fatally shot in that store. (Staten Island Advance / Jan Somma-Hammel)

Yancy’s death marked the third homicide in four days on Staten Island.

A 35-year-old man with five children, Barry moultrie, was shot dead on Wednesday morning in a corner of West Brighton.

Later that evening, a 25-year-old man who had just returned from prison in the community – Kaseem scott – died after being shot inside a grocery store on Richmond Terrace in Mariners Harbor.

No arrests were made in either case, the NYPD said, and investigations are continuing.

As of July 20, the NYPD had responded to 21 shootings in Staten Island, up from 10 at the same time last year. Citywide shootings are up nearly 69%, department says CompStat figures.

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Event encouraging people to remove invasive plant species begins today https://arabcenter.net/event-encouraging-people-to-remove-invasive-plant-species-begins-today/ https://arabcenter.net/event-encouraging-people-to-remove-invasive-plant-species-begins-today/#respond Wed, 07 Apr 2021 23:17:05 +0000 https://arabcenter.net/event-encouraging-people-to-remove-invasive-plant-species-begins-today/

ANN ARBOR, MI – Garlic and mustard weed week kicks off today, being done virtually and separately this year.

The event started at sunrise on Friday May 22 and will run until sunset on Sunday May 31 and is hosted by Ann Arbor Natural Area Preservation (NAP). The event is being held to encourage people to attract aggressive, non-native plants to Southeast Michigan and to promote the use of native plants only in local yards and gardens, according to a press release from NAP.

“The removal of garlic mustard will allow native plants and wildflowers to thrive, encouraging a diversity of native wildlife, from small mammals to butterflies,” the press release said.

However, the COVID-19 pandemic will require certain safety precautions this year. Participants should remove invasive plants from their own yards or city-owned natural areas, the press release said. In doing so, participants are encouraged to maintain a social distance and not to touch any plants, gloves, bags, snacks or any other item belonging to anyone outside their family.

The invasive species that NAP recommends plucking are garlic mustards, lady’s arugula, and narrow-leaf bitter watercress. Drawings and descriptions of these plants can be found on his website.

Participants are also encouraged to share their attractions for the Stewardship Network’s Spring Invasive Species Challenge. Web page. The press release says to enter “NAP” in the “affiliation” box and where the plants were pulled up.

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Embrace Home Loans Hires Jason Will as Senior Vice President of Market Growth https://arabcenter.net/embrace-home-loans-hires-jason-will-as-senior-vice-president-of-market-growth/ https://arabcenter.net/embrace-home-loans-hires-jason-will-as-senior-vice-president-of-market-growth/#respond Wed, 07 Apr 2021 23:17:00 +0000 https://arabcenter.net/embrace-home-loans-hires-jason-will-as-senior-vice-president-of-market-growth/

Former Wells Fargo Executive To Focus On Expanding Market Share Of Lenders And Affiliate Partnerships

MIDDLETOWN, RI, April 7, 2021 / PRNewswire / – Adopt home loans, a leading national mortgage lender, announced that Jason will has been appointed senior vice president of market growth, a newly created position within the company. Will is responsible for helping to increase the company’s market share, expand its affiliate partnerships and establish a team of regional market growth vice presidents to drive the overall expansion strategy of the company.

Jason Will, Senior Vice President of Market Growth at Embrace Home Loans

The embrace was born over $ 6 billion in mortgages in 2020, a corporate record and an increase of 70% from 2019. The company plans to double its retail workforce in 2021 and increase the activity of its divisions of the personal group and financial institutions.

Will has over 20 years of experience in the mortgage industry, primarily with Wells Fargo Home Mortgage, where he held leadership roles in sales and business development. Most recently, he served as Vice President, National Director of Builders at Wells Fargo, covering the eastern United States. In this role, Will was responsible for providing strategic leadership to the company’s production growth strategy, as well as targeting home builders through forging new partnerships and recruiting new loan officers focused on builders.

Previously, Will was Vice President, National Condominium and Construction Program Manager at Wells Fargo, where he managed the company’s National Condo and Construction-to-Perm program. During his tenure, Wells Fargo became the largest condominium lender in the United States with a 23% market share.

“Jason is a strategic thinker with extensive experience in developing relationships with manufacturers and in managing and growing sales,” said Dennis hardiman, founder and CEO of Embrace. “Jason will be a market growth sales team whose efforts will span across Embrace’s retail, direct sales and financial institutions divisions. We are delighted to welcome him to our team.

Will said he will focus on developing a suite of new products and strategies so Embrace loan officers can serve more clients. He also plans to forge new partnerships and relationships with real estate professionals, home builders and other referral sources. “We are really adding octane and growing our purchasing business,” said Will.

“Embrace has a number of very strong competitive advantages as a mortgage lender, including a strong management team, superior customer service and cutting-edge digital technology,” said Will. “What attracted me most, however, is that Embrace puts people first, and that includes employees, customers and referral partners. Work is where we spend a lot of our time. time, and Embrace has created an employee-focused culture of satisfying our customers. That’s why so many real estate professionals and builders are also keen to do business with us. I couldn’t be happier to be here .

Patrick mullen, Embrace Director of Recruitment, said, “Jason is the perfect fit to lead our new Market Growth team. With his leadership, we look forward to developing our team even further in the coming year.

Embrace is a Fannie Mae, Freddie Mac, FHA and VA lender that processes, underwrites, finances and closes all of its loans in-house. The company has won numerous workplace awards in recent years and is known to foster a supportive, family-friendly work culture and encourage the charitable efforts of its employees.

“Embrace has proven to be a great place to work, where loan officers and other staff have all the resources they need to be successful,” said Mullen. “We believe this is why the average tenure of our loan officers is over seven years, well above the industry average of two years.”

To learn more about joining Embrace, visit the company website careers page. For more information on specific positions, contact Patrick mullen at pmullen@embracehomeloans.com.

About Embrace Home Loans
Founded in 1983, Embrace Home Loans is a leading mortgage lender that provides borrowers and financial institutions with an exceptional mortgage experience. Allowed in all states and District of Colombia, Embrace has been recognized seven times as one of the Best Mid-Size Companies to Work for in America by Fortune and five times as one of the Fastest Growing Companies in America by Inc. The company has also been recognized twelve times as one of the Best Places to Work Rhode Island, as the company most involved in the community Rhode Island, and with the Leadership Excellence Award from Providence Business News. The company is based in Middletown, Rhode Island. For more information, please visit www.embracehomeloans.com.

PRESS CONTACT:

Henri drennan
Strategic Marketing and Public Relations
(615) 497-8358
HenryDrennan@StrategicVantage.com

Marie McGarity
Strategic Marketing and Public Relations
(203) 260-5476
MaryMcGarity@StrategicVantage.com

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SOURCE Embrace Home Loans

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Equitable financing: women entrepreneurs lift communities out of poverty | https://arabcenter.net/equitable-financing-women-entrepreneurs-lift-communities-out-of-poverty/ https://arabcenter.net/equitable-financing-women-entrepreneurs-lift-communities-out-of-poverty/#respond Wed, 07 Apr 2021 23:16:58 +0000 https://arabcenter.net/equitable-financing-women-entrepreneurs-lift-communities-out-of-poverty/

Goodwill Ambassador Sonia Gardner. FENU

Of Moroccan descent, Ms. Gardner is one of the most prominent senior women in the financial industry and has been an industry leader for more than two decades, serving as President of a multi-billion global alternative investment fund. of dollars based in New York. She pledged to use her new role as UNCDF’s first-ever goodwill ambassador to promote opportunities and resources for women entrepreneurs and improve the living standards of underserved communities.

UN News: Why is it important to help more women access finance?

Sonia Gardner: First, finance can play an important role in facilitating economic growth in the world’s poorest countries and this, in turn, can improve the investment climate and the standard of living of underserved women in these communities.

Separately, women have traditionally faced many obstacles in building their careers in the financial industry. For example, in some areas of finance, the percentage of women in C-Suites (senior executives) is less than 10%, and gender inequality tends to increase as one moves up. the career ladder, especially as many women drop out of middle management for various reasons.

These are the types of challenges that I hope to help overcome as a UNCDF Goodwill Ambassador. I am truly honored and humbled to serve in this role.

UN News: What are some of the challenges women face?

Sonia Gardner: I think one of the biggest challenges women face is still unequal treatment in the workplace. Since I entered the workforce 30 years ago, there have been improvements, but much remains to be done to eliminate systemic inequalities.

In 1986, I entered the world of finance and started a business in close collaboration with my brother. Partly because of this, I haven’t faced the same challenges many women in our industry have faced as they’ve climbed the corporate ladder or reached the glass ceiling. I faced different challenges; at the top of the list was the experience of being the only senior woman in the room on too many occasions over the past 30 years.

Much has been written about how to tackle the problem of systemic inequalities, and while some progress has been made over the years, there is still a long way to go to increase the number of senior women in finance. As you can imagine, gender inequality in the least developed countries (LDCs) is a much bigger problem.


The United Nations Capital Development Fund (UNCDF) supports the economic empowerment of women in the 47 Least Developed Countries (LDCs) of the world.

FENU

The United Nations Capital Development Fund (UNCDF) supports the economic empowerment of women in the 47 Least Developed Countries (LDCs) of the world.

UN News: As a goodwill ambassador, who are you advocating for?

Sonia Gardner: My favorite field is gender equality in the 46 least developed countries that strive to give women access to economic resources. These women from LDCs need capital to start and develop businesses and provide a means of lifting their families out of poverty.

I absolutely believe that most men and women see that change is necessary. Women in LDCs are particularly underserved and vulnerable.

UN News: Why are you so passionate about this issue?

Sonia Gardner: This question is crucial for me because the inequalities are so glaring and so few women experience financial inclusion.

My personal journey has helped me shape my point of view. I was born in Morocco and when I was four I immigrated to the United States with my family. I grew up in a small two bedroom apartment and have shared a room with my brother and sister for many years.

My parents came here with next to nothing, and their main goal was for us to have a good education. They made incredible sacrifices and we all went to college and law school on scholarships and loans. I am grateful every day for the success I have had over the years and believe that giving back is essential to anyone’s success. I truly lived the American dream.

Despite my modest education, I have had many opportunities in my life that have helped me be successful. I want to volunteer my time and use my voice to help improve the lives of women in LDCs because this is one of the areas where I see the greatest need right now.


The United Nations Capital Development Fund (UNCDF) supports the economic empowerment of women in the 47 Least Developed Countries (LDCs) of the world.

FENU

The United Nations Capital Development Fund (UNCDF) supports the economic empowerment of women in the 47 Least Developed Countries (LDCs) of the world.

UN News: What will you do to make changes and make it easier for women to access finance?

Sonia Gardner: Last year I got to meet Yvonne Aki-Sawyerr, the amazing mayor of Freetown, Sierra Leone. Since I met the mayor at an event at the United Nations General Assembly, I have helped her build an early learning center at the Congo Water Market in Freetown, for 40 children. preschoolers aged one to five. A second center for 40 additional children will be built later this year.

These centers will enable women working in the market to give their children a head start on quality education.

I look forward to expanding this kind of support, for UNCDF to ensure that finance benefits the poor and helps achieve the SDGs.

In much of the world, women are the providers. Like the women traders in Sierra Leone, they earn money and support their families every day. It is very difficult for them to get funding, support or even child care. I am planning my first trip to Sierra Leone, which I hope will be in the fall to visit child care centers and see firsthand the positive change for these market women and their children.

UN News: What do your peers think of this male-dominated industry about your appointment as a Goodwill Ambassador?

Sonia Gardner: My peers are very excited that I am taking on this role and have been very supportive of me. They agree that we need to improve the pipeline and build a system that supports women, in order to eliminate the systemic inequality that women traditionally face.

Studies have shown that because mentoring for young women is so important, both older women and men need to be involved. I’ve seen it in my work as president of 100 Women in Finance, which does important work with its NextGen program. My hope is to create a network of my peers, men and women, who will mentor women in the least developed countries and help find solutions to lift them out of poverty.

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Launch of EQIFI – Community-powered World Bank becomes a reality https://arabcenter.net/launch-of-eqifi-community-powered-world-bank-becomes-a-reality/ https://arabcenter.net/launch-of-eqifi-community-powered-world-bank-becomes-a-reality/#respond Wed, 07 Apr 2021 23:16:55 +0000 https://arabcenter.net/launch-of-eqifi-community-powered-world-bank-becomes-a-reality/

/EIN News/ – ROSEAU, Dominica, April 06, 2021 (GLOBE NEWSWIRE) – EQIBank, one of the world’s leading digital banks, today announced that it has launched EQIFI – A Global DeFi Alternative to Traditional Financial Products.

Founded in 2015, EQIBank is a global yet personal digital bank focused on affluent, affluent, high net worth and corporate emerging clients. Banking customers in more than 180 countries around the world, EQIBank is at the forefront of harnessing digital technology to shape the future of the global bank, including its BaaS and crypto OTC offerings.

By harnessing the power of blockchain technology, EQIFI is positioned to become a global industry leader. With its DeFi products, EQIFI democratizes financial products previously reserved for a privileged few.

Jason Blick, President of EQIFI, commented: “DeFi has easily been one of the most exciting developments in the financial industry for a long time and a fundamental challenge for modern finance. technology and low liquidity. The answer is a global debt market for borrowers and lenders with real-world collateral, access and gateways.

EQIFI is a decentralized protocol for pooled lending, borrowing, and investment for ETH, ERC-20 tokens including wBTC, Stablecoins, and some fiat currencies. It provides a single, uniform platform for DeFi products with access to bank accounts, custody cards, debit and credit cards, OTC and wealth management.

EQIFI CEO Brad Yasar: “As strong supporters of the value of decentralization, we were excited about DeFi from day one, but access to these products was limited. With EQIFI, we bring together the best of both worlds: decentralized global financial products as well as integrated and easy-to-use global digital banking services.. “

EQIFI’s infrastructure is optimized for real-time digital interactions, placing the project at the forefront of adopting today’s increasingly demanding culture that wishes to embrace the evolution of digital technologies.

About EQIBank

Since its launch in 2015, EQIBank has been the world’s digital bank, offering a variety of bank accounts, credit cards, loans, traditional custody assets, digital custody, multi-asset exchange, stablecoins, and DeFi products.


Social media

Twitter: https://twitter.com/eqifi2?s=21

LinkedIn: https://www.linkedin.com/company/eqifi


Media contact

Company: EQIBank

Contact: David Cullinan

Email: d.cullinan@eqibank.com

Website: https://www.eqifi.com


THE SOURCE:
EQI Bank

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Video: Schugar’s father and son make moving return to Muskegon region https://arabcenter.net/video-schugars-father-and-son-make-moving-return-to-muskegon-region/ https://arabcenter.net/video-schugars-father-and-son-make-moving-return-to-muskegon-region/#respond Wed, 07 Apr 2021 23:16:52 +0000 https://arabcenter.net/video-schugars-father-and-son-make-moving-return-to-muskegon-region/

NORTON SHORES – Saturday’s Division 2 football semi-final at Sailor Stadium was emotional for a lot of people.

Maybe no one felt it more than Traverse City Central coach Eric Schugars and his father, Jack Schugars, who made their return home to Muskegon in the big game against Mona Shores.

Host Mona Shores defeated Traverse City Central, 43-30, to advance to next week’s state final at Ford Field. The top ranked reigning state champions Sailors (11-0) will face Warren De La Salle (7-4) in a 1 p.m. clash on Friday.

RELATED: No Snow Job: Mona Shores Heading Back To Ford Field (Really), Brady Rose Leading The Way (Again)

RELATED: Schugar’s father and son come home this weekend for an emotional football season

Traverse City Central ended a very successful season with a 9-2 record. Last week, the Trojans won their first regional title since 1988.

This season has been an emotional roller coaster for Schugar’s father and son. Jack Schugars, the legendary Oakridge coach who now assists his son’s team, lost his wife Julie in August.

MLive multimedia specialist Cory Morse met Eric and Jack Schugars after the game, as well as Mona Shores coach Matt Koziak. Watch the video above to see and hear the emotion of Schugar’s father and son.

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Credit scores and average incomes of women-owned businesses have risen, but loan approvals lagged in 2020 https://arabcenter.net/credit-scores-and-average-incomes-of-women-owned-businesses-have-risen-but-loan-approvals-lagged-in-2020/ https://arabcenter.net/credit-scores-and-average-incomes-of-women-owned-businesses-have-risen-but-loan-approvals-lagged-in-2020/#respond Wed, 07 Apr 2021 23:16:50 +0000 https://arabcenter.net/credit-scores-and-average-incomes-of-women-owned-businesses-have-risen-but-loan-approvals-lagged-in-2020/

The analysis of 40,000 companies finds a decrease in revenues and costs; Texas and California top states for loan applications from women-owned businesses

The annual Biz2Credit study of women-owned businesses found that although the incomes of women-owned businesses fell in 2020, their revenues increased, mainly because spending declined during the pandemic.

The study reviews 40,000 credit applications across the country for the entire previous year (2020) and examined the financial performance of small and medium-sized businesses owned by women in the United States.

In 2020, the effects of the pandemic have been particularly noticeable for women-owned businesses, many of which are less well funded than male-owned businesses.

Weaker financial indicators among women business owners are indicative of a lack of service and attention provided by traditional financial institutions. The analysis looked at financial metrics including annual revenue, operating expenses, age of the business, and personal credit rating of the business. business loan applicant.

Main conclusions:

Performance of women-owned businesses

  • Average annual income increased from $ 384,359 in 2019 to $ 330,226 in 2020.
  • Average earnings (annual income – operating expenses) of women-owned businesses increased to $ 181,770 in 2020 from $ 107,804 in 2019, largely because spending declined from $ 276,554 in 2019 to $ 148,455 in 2020.
  • Average credit score for women business owners increased from 590 in 2019 to 597 in 2020.
  • Best industry: Services (excluding public administration) represented 26% of women-owned businesses in 2020.
  • The percentage of business loan applications from women-owned businesses decreased by 2% in 2020, compared to 2019.

Comparison of female and male owned businesses

The study compared the health of male and female-owned businesses over the past year, and the numbers point to a bigger problem. Women-owned businesses are much less likely to apply for loans. Part of the problem is that, on average, their companies’ profits were less than half the profits of male-owned companies and their credit scores were lower.

Some specificities:

  • Female-to-male borrowing ratio: 27% of women vs 72% male registrations on Biz2Credit in 2020.
  • Average annual income gap: women-owned businesses ($ 330,226) earned $ 421,928 less on average than male-owned businesses ($ 716,842) in 2020.
  • Average credit score: On average, the credit score for womenthe companies owned (597) were 23 points less than male-owned businesses (620) in 2020.
  • Average loan size for women-owned businesses ($ 36,981) was 33% less than the average loan amount for male-owned businesses ($ 55,061) in 2020.
  • Average age of the company for women-owned businesses 5 years (60 months) was below the enterprise age for male-owned businesses 6 out of 20 years (72 months).

By industry, more than a quarter (25.8%) of women-owned businesses that applied for business loans in the past 12 months were in services (excluding public administration). Retail trade represented 17% of applicants, followed by healthcare and social assistance (9.5%), accommodation and food services (9.2%), construction (6, 2%) and arts, entertainment and recreation (5.5%).

Texas and California are the states with the most applications from women-owned businesses, followed by Georgia, New York State, North Carolina, Ohio, Pennsylvania , Michigan, Illinois and Tennessee.

The average amount funded for women-owned businesses ($ 39,731) was 36% lower than for male-owned businesses ($ 61,958) in 2020. After careful analysis, business-related factors including lower FICO scores, younger company age, and higher operating expenses played a larger role in this gap, rather than just gender.

Paycheck Protection Program (PPP) Round 2: Women-owned vs.Men-owned businesses

In December 2020, Congress allocated $ 284 billion for COVID small business assistance for a second round of the Paycheque Protection Program (PPP). Biz2Credit looked at its data from PPP loan applicants and found that 49% of PPP Round 2 applicants were female business owners (compared to all SBA lenders at 31%). The average amount approved for PPP Round 2 applicants who identified as female business owners on the Biz2Credit platform was $ 22,000, compared to $ 30,000 for those who identified as male business owners.

Jennifer Moore, a self-proclaimed “mom-entrepreneur”, sees the $ 20,000 PPP loan she secured with the help of Biz2Credit as a “lifeline” that allowed her to keep her business home. Stickers by Jennifer, Go. The mother-of-two creates planning stickers that she usually sold at craft fairs and other events in and around Wayne, Michigan.

“I couldn’t make money locally, and COVID made travel unsafe, so I had to figure out how to run my business entirely online,” Moore said. “When selling online, the key is speed. Customers want things fast. I have new cutting machines; now i’m ready to cut and send same day by Amazon prime. “

PPP funding leverages companies like Ms. Moore’s that work hard, adapt to new market realities, and embrace creative solutions, such as converting to become an online retailer. PPP is helping women-owned businesses weather the coronavirus storm.

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New Federal Student Loan Repayment Program to Help Addiction Treatment Clinicians Repay Up to $ 75,000 in Student Loans https://arabcenter.net/new-federal-student-loan-repayment-program-to-help-addiction-treatment-clinicians-repay-up-to-75000-in-student-loans/ https://arabcenter.net/new-federal-student-loan-repayment-program-to-help-addiction-treatment-clinicians-repay-up-to-75000-in-student-loans/#respond Wed, 07 Apr 2021 23:16:47 +0000 https://arabcenter.net/new-federal-student-loan-repayment-program-to-help-addiction-treatment-clinicians-repay-up-to-75000-in-student-loans/

A new federal program will reimburse up to $ 75,000 in student loans for health clinicians treating addiction in underserved areas.

“The goal is to ensure that sites that provide evidence-based care have the manpower to provide care,” said Israil Ali, director of the Division of National Health Service Corps, which is part of the US Department of Health and Human Services agency that oversees the program.

Employees at 89 Massachusetts drug treatment facilities may potentially be eligible. Some of these sites include the Spectrum Health Systems treatment centers in Worcester and North Adams, the opioid treatment center at Providence Behavioral Health Hospital in Holyoke, and programs run by Baystate and the Springfield Public Health Department.

The Substance Use Disorder Loan forgiveness program is an extension of another program run by the federal agency, which provides loan repayments to physicians working in underserved areas. The addiction program offers $ 75,000 in loan repayment in exchange for a commitment to work at a designated site in an underserved area for three years. There is a similar program for part-time workers. It is open not only to doctors, but also to nurses, pharmacists and addiction counselors.

The program was launched on December 27 to tackle the growing epidemic of opioid addiction in the country. It is funded with $ 75 million for the first year, and program officials hope to repay loans from 1,100 clinicians.

Gabriel Wishik, a doctor who works for Boston Health Care for the Homeless, started working there through a loan repayment program from the same federal agency. Wishik said being able to offer a loan repayment helps attract qualified applicants and increase the number of clinicians working in the field.

Today, people with substance use disorders often struggle to find treatment, and the state has struggled to open new treatment beds. The program will do nothing to address the persistent problem of low reimbursement rates, including from public insurance programs, for drug treatment, which makes it difficult for these units to be profitable.

But Wishik said “there is a shortage at all levels of the treatment continuum,” including the workforce.

“There are a lot of competing career paths. It’s one way to get people into this career, ”he said.

Correction: The number of clinicians whose loans will be repaid has been updated, based on corrected information provided by the Health Resources and Services Administration.

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CIMB Bank PH Strengthens Partnership with Leading Local Electronic Wallet Service to Extend Digital Credit Facilities to Filipinos https://arabcenter.net/cimb-bank-ph-strengthens-partnership-with-leading-local-electronic-wallet-service-to-extend-digital-credit-facilities-to-filipinos/ https://arabcenter.net/cimb-bank-ph-strengthens-partnership-with-leading-local-electronic-wallet-service-to-extend-digital-credit-facilities-to-filipinos/#respond Wed, 07 Apr 2021 23:16:45 +0000 https://arabcenter.net/cimb-bank-ph-strengthens-partnership-with-leading-local-electronic-wallet-service-to-extend-digital-credit-facilities-to-filipinos/

Manila, Philippines, April 1, 2021 / PRNewswire / – In keeping with its objectives of promoting financial inclusion and promoting cashless transactions in The Philippines, CIMB Bank strengthens its long-term strategic partnership with leading local e-wallet service GCash by fueling its microcredit payment facility, GCredit, to the most underserved Filipinos.

CIMB Bank PH Strengthens Partnership with Leading Local Electronic Wallet Service to Extend Digital Credit Facilities to Filipinos

CIMB Bank, the most awarded all-digital bank in The Philippines is poised to use its expertise in underwriting and credit analysis, as well as its financing capabilities for GCash clients at very attractive rates and with higher lines of credit.

According to the CEO of CIMB Bank Philippines Vijay Manoharan, the collaboration with GCredit will allow more Filipinos to enjoy monthly loan interest rates as low as 1%, conveniently on the GCash app in less than 5 minutes.

Over time, CIMB Bank and GCash plan to offer customers an increased credit limit of up to P 100,000, from the original amount. Likewise, GCredit clients with good creditworthiness will also have the opportunity to access higher lines of credit through CIMB’s personal loan offer, which will allow them to digitally apply for a personal loan of up to $ 1. 000,000 P from Banque CIMB.

“GCash has been at the forefront of financial inclusion in The Philippines for many years, ”said GCash President and CEO Marthe Sazon.

She added: “GCredit as a service has helped expand PHP 8 billion to nearly one million Filipinos nationwide in 2020. Through a stronger partnership with CIMB Bank, we are confident that millions more will be able to benefit and maximize what GCredit can provide.

Manoharan describes CIMB Bank’s single platform banking strategy as a key catalyst for the expansion of mobile-focused all-digital banking in The Philippines and by making the digital banking leader in The Philippines.

He said, “As a result of our initial partnership of providing exclusive savings offers to Filipinos, we are honored to extend our long-term partnership with GCash. This collaboration is the first of its kind between a digital bank and a fintech in the region. “

“We aspire to further solidify GCredit’s position as the number one credit and payment product in the country. With this collaboration, we hope to be a game-changer in how credit is assessed and made available to people who need it. otherwise would not have access to formal credit facilities as we help the country’s financial inclusion agenda, ”he explained.

Manoharan stressed that thanks to this partnership, Filipinos who initially did not have access to any credit facility with a bank will now have the possibility of benefiting from a revolving line of credit which will allow them to have easy access to credit for their daily needs; while being able to transact securely, especially when cashless and contactless payments are needed most.

Housed in the GCash application, GCredit is the very first digital micro-lending service in The Philippines, where qualified customers can purchase goods, services and pay their bills in-store or online from more than 17,500 partner merchants across the country.

To learn more about GCredit powered by CIMB Bank Philippines, visit: https://www.gcash.com/services/gcredit/

About CIMB

CIMB Bank Philippines is a multi-award-winning, all-digital bank created with the vision to shake up the Philippine banking landscape. Providing a simple and seamless digital banking experience, CIMB Bank Philippines has transformed banking services for over 3.5 million, enabling Filipinos to open an account in 10 minutes with the highest savings rates, no fees, a Fully digital loan application and safe and secure 24/7 digital service. banking. CIMB Bank Philippines is part of the CIMB group, one of the main banks in ASEAN.

SOURCE Bank CIMB Philippines

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JJ Watt picks Cardinals, adds depth to Arizona’s enhanced defense https://arabcenter.net/jj-watt-picks-cardinals-adds-depth-to-arizonas-enhanced-defense/ https://arabcenter.net/jj-watt-picks-cardinals-adds-depth-to-arizonas-enhanced-defense/#respond Wed, 07 Apr 2021 23:16:40 +0000 https://arabcenter.net/jj-watt-picks-cardinals-adds-depth-to-arizonas-enhanced-defense/

JJ Watt’s very public and short-lived free agency is over, and the five-time All-Pro defensive tackle has chosen to sign with the Arizona Cardinals.

The news was announced by Watt himself on Twitter on Monday morning, as the gregarious lineman posted a photo of himself training in a Cardinals t-shirt.

The Cardinals announced the signing soon after, and Ian Rapaport of the NFL Network announced that the deal is two years and $ 31 million, with $ 23 million guaranteed. Watt, who turns 32 next season, isn’t necessarily the MVP-caliber talent he was at his peak, but he still had the seventh-highest Pro Football Focus rating in his position in 2020 with Houston.

Watt played all 16 games for the Texans last season and had 17 quarterback hits in addition to five sacks. He will strengthen the front line of a Cardinals defense that has grown over the 2020 season, finish in the top 10 of Football Outsiders DVOA defensive metric, and entered the top seven when weighting the last four weeks of the season.

However, the team were much better against the pass than against the run, and because they’ll reclaim the All-Pro Chandler Jones pass, that was likely a goal for general manager Steve Keim and the Cardinals front office. to add size to the front. They get there with Watt, who, in addition to his rushing pressures, made 14 tackles for a loss in 2020.

All in all, a Cardinals defense that has gone from 20th to 10th in defensive efficiency under head coach Kliff Kingsbury and defensive coordinator Vance Joseph will have a chance to be even better with returning players and the addition of Watt. Still weeks away from the busy NFL free agency and draft season, Arizona could keep adding.

With Watt reuniting with former Texans teammate De’Andre Hopkins, it’s yet another free agency magic trick for Keim, who is heading into the third year of the Kingsbury-Kyler Murray era. Watt will add that the Cardinals’ defense will be more prolific, likely more flexible and – if all goes well – a bit better.


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