Background: Janet, a recent immigrant from Tanzania, needed a reliable car to commute to work but faced high interest rates due to her non-prime credit status.

Solution: Janet joined a Coterie savings room focused on purchasing vehicles. Her group, consisting of 12 members, saved $300 each per month. Each month, one member received the $3,600 pool to purchase or put towards a car.

Steps Taken:

1. Consistent Savings: Janet automated her monthly contributions to avoid missing any payments.
2. Financial Education: Participated in Coterie’s financial literacy workshops to improve her budgeting skills.
3. Community Engagement: Engaged with her savings group to stay motivated.