Did your approved state plan for this reporting period include any State Financing? | Yes |
---|---|
Did your approved state plan for this reporting period include conducting a Financial Loan Program? | Yes |
Area of Residence | Total | ||
---|---|---|---|
Metro RUCC 1-3 |
Non-Metro RUCC 4-9 |
||
Approved Loan made | 10 | 06 | 16 |
Approved Not made | 00 | 00 | 00 |
Rejected | 00 | 02 | 02 |
Total | 10 | 08 | 18 |
Lowest Income: | $3,181 | Highest Income: | $129,360 |
---|
Sum of Incomes | Loans Made | Average Annual Income |
---|---|---|
$945,389 | 16 | $59,087 |
Income Ranges | Total | ||||||
---|---|---|---|---|---|---|---|
$15,000 or Less |
$15,001- $30,000 |
$30,001- $45,000 |
$45,001- $60,000 |
$60,001- $75,000 |
$75,001 or More |
||
Number of Loans | 02 | 02 | 04 | 01 | 02 | 05 | 16 |
Percentage of Loans | 12.5% | 12.5% | 25% | 6.25% | 12.5% | 31.25% | 100% |
Type of Loan | Number of Loans | Percentage of loans |
---|---|---|
Revolving Loans | 16 | 100% |
Partnership Loans | ||
Without interest buy-down or loan guarantee | 00 | 0% |
With interest buy-down only | 00 | 0% |
With loan guarantee only | 00 | 0% |
With both interest buy-down and loan guarantee | 00 | 0% |
Total | 16 | 100% |
Type of Loan | Number of Loans | Dollar Value of Loans |
---|---|---|
Revolving Loans | 16 | $222,385 |
Partnership Loans | 00 | $0 |
Total | 16 | $222,385 |
Lowest | 0% |
---|---|
Highest | 4% |
Sum of Interest Rates | Number of Loans Made | Average Interest Rate |
---|---|---|
53 | 16 | 3.3125% |
Interest Rate | Number of loans |
---|---|
0.0% to 2.0% | 01 |
2.1% to 4.0% | 15 |
4.1% to 6.0% | 00 |
6.1% to 8.0% | 00 |
8.1% - 10.0% | 00 |
10.1%-12.0% | 00 |
12.1%-14.0% | 00 |
14.1% + | 00 |
Total | 16 |
Type of AT | Number of Devices Financed | Dollar Value of Loans |
---|---|---|
Vision | 00 | $0 |
Hearing | 06 | $30,750 |
Speech communication | 00 | $0 |
Learning, cognition, and developmental | 00 | $0 |
Mobility, seating and positioning | 00 | $0 |
Daily living | 01 | $1,485 |
Environmental adaptations | 00 | $0 |
Vehicle modification and transportation | 09 | $190,150 |
Computers and related | 00 | $0 |
Recreation, sports, and leisure | 00 | $0 |
Total | 16 | $222,385 |
Number Loans in default | 00 |
---|---|
Net loss for loans in default | $0 |
How many other state financing activities that provide consumers with access to funds for the purchase of AT devices and services were included in your approved state plan? | 0 |
---|
How many state financing activities that allow consumers to obtain AT at a reduced cost were included in your approved state plan? | 0 |
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R.S., 79, needed hearing aids. Not just any hearing aids; she needed custom hearing aids to fit an ear damaged by a childhood stroke. She also wanted Bluetooth capability so she could connect directly to her smart tv. Hearing aids like that come with a hefty price tag: $5,425. R.S. contacted Ann-Margaret Periman at the Montana Assistive Technology Loan Program (MATL), MonTECH’s financial loan program managed by Rural Dynamics, Inc. in Great Falls. With Ann-Margaret’s assistance, R.S. had her loan within 48 hours. “The payments are very reasonable,” R.S. says. “It’s not like I have to quit eating or quit buying my normal things. It fits my budget. Now I can join in with people to watch a movie or do almost anything!”