Roger Coates ’57

Charlotte has its share of predatory payday lenders, so the no-interest employee loan fund I began with a Charlotte nonprofit 5 years ago, having made $120 K in loans with less than a .25% loss rate, has generated some interest. A recent adapter has encouraged me to scale it up, and he’s helping me establish a low-interest version in the local Goodwill affiliate. I’m not sure how far we can take this, but the pilot proves that employers can provide lower-wage employees with a feasible alternative to high-interest payday lenders.
Our 50th reunion kid daughter is now a freshwoman at UNC-Chapel Hill. Jessica’s doing well there, but she still occasionally wonders what it would have been like to attend Thacher.
Best to all Toads.

Roger Coates CdeP 1957

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