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The Capital Good Fund, for example, is offering disaster relief loans ranging from $300 to $1,500. It offers loans with a low APR of just 5% and phrases as long as 15 months. The loans are also deferred for 90 days, giving borrowers a chance to financially recuperate before funds begin.[ Read: The place to seek out Monetary Relief Throughout the COVID-19 Pandemic ]

The primary argument of the microcredit’s ...

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