Celebrating the Achievements of Four New Graduates!
In October, we celebrated four incredible moms' graduation from Fellowship Housing. Their dedication and desire to create a bright future for their families is inspiring!
Most single moms who join Fellowship Housing face overwhelming socioeconomic circumstances. On average, these moms have a credit score of 596, a debt burden of $19,290, a full-time salary of $35,396, and savings totaling just $956. What these four graduates achieved during their time with Fellowship Housing is remarkable. On average, these moms increased their credit score by 115 points, a testament to their financial discipline and dedication.
But that's not all—these moms saved an average of $26,000, providing a safety net and new opportunities for their families. They also successfully paid off an average of $13,000 in debt, freeing themselves from financial burdens that once held them back.
In addition, these graduates increased their salaries by an average of $9,000, showcasing their personal and professional growth during their time with Fellowship Housing. This increase means greater financial stability and expanded career opportunities for them and their families.Perhaps the most empowering achievement is that each of these moms went on to rent or purchase their own homes, marking a pivotal moment in their journey toward independence and self-sufficiency.
These incredible achievements testify to the transformative power of support and the determination of the moms who walk through our doors. Fellowship Housing is immensely proud of these graduates and grateful for the chance to play a role in their incredible journeys.
A big thank you to Willow Creek South Barrington for hosting and providing childcare and Food for Friends for supplying and serving a meal.
