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Partner Guest Article // Iowa Able FoundationTuesday, November 12, 2019
When Anna Magnusson was interviewing to serve as Iowa Able Foundation’s executive director in 2018, she read the story of Aidan and his mother. Aidan has Juvenile Huntington’s Disease and was unable to travel easily until an Iowa Able loan made it possible for Aidan’s mother to purchase a wheelchair-accessible van. Because of the van, Aidan and his mother can go to doctor appointments and visit his favorite places, no longer having to go by ambulance. The newsletter article closed with this quote: “We are so grateful for this opportunity that was made possible by Iowa Able.”
The Iowa Able Foundation is a statewide 501(c)(3) nonprofit organization that provides low-interest loans for any item, piece of equipment or product that is used to improve an individual’s functional capabilities, mobility and quality of life. Iowa Able is committed to providing resources that will enable full participation of persons with disabilities in their communities and workplaces.
Iowa Able specializes in serving low-income individuals with loans and services that are designed specifically for persons with disabilities and older Iowans.
Iowa Able offers loans in the following categories:
Loans can be used for any item, piece of equipment or product that is used to improve functional capabilities, mobility and quality of life.
Loans can be used for any modification made to a home that allows for greater accessibility, independence and quality of life, such as entry modifications, ramps, doorways, bathrooms and stair lifts.
Loans can be used to purchase any equipment necessary to be a successful entrepreneur or employee from home. For example, the loans can be used to purchase computers, printers, software, home modifications, assistive technology and training to use equipment and devices.
Loans can be used to cover the expense of getting and training a service animal.
The credit builder loan is an unsecured loan to help establish, improve or repair credit.
Here are some ways individuals have used a loan from Iowa Able
- Purchased modified vehicles and computers
- Purchased a hearing aid
- Purchased a therapy pool
- Started a home-based business
- Made home modifications for greater accessibility
- Purchased wheelchairs and scooters
The Iowa Able Foundation team is committed to ensuring that all Iowans have access to the resources and support needed to thrive in their communities, homes and workplaces. “I truly believe that Iowa Able Foundation can help remove the fear, shame and stress that comes with the financial obstacles that prevent individuals from living their best lives,” Magnusson says with conviction. “Together, we can make Iowa the best place to work, live and play for everyone who chooses to call this home.”
In August 2019, the Iowa Able Foundation board of directors reviewed and approved the recommended pilot programs brought forth by the financial empowerment and vision/mission committees. Programs include a forgivable loan option for assistive technology, enhanced financial empowerment program and a sliding scale interest rate. The new pilot programs will be launched in early 2020. If you are interested in learning more about the pilot programs or if you would like to serve as a tester for the financial empowerment program, please contact Iowa Able Foundation at firstname.lastname@example.org.
To apply for a loan, please visit www.iowable.org to download the application. If you don’t have access to the internet, an application can be mailed to you by calling the Iowa Able Foundation at 888-222-8943 or 515-292-2972, Monday through Friday from 8:00 a.m. to 5:00 p.m.