Maine's Adaptive Equipment Loan Program

Abstract

Maine's Kim Wallace Adaptive Equipment Loan Program (AELP) is a creative, consumer-directed approach to affordable financing for assistive technology (AT). AELP, a model for many lending programs, offers low-interest, long-term loans of up to $100,000 to consumers, their families, businesses, and non-profit organizations. Since 1989, AELP has made 1,971 loans totaling $21 million. AELP represents an effective state—community partnership, using a consumer majority board that makes lending decisions. A Center for Independent Living (CIL) and the state's finance authority co-manage the program; the CIL assists consumers in finding and using technology and in managing credit. AELP is funded by two state bond issues totaling $6.5 million. New loans are issued as loans are repaid, and loan interest and fund investments support AELP's program operation. AELP looks beyond the traditional definition of “medical necessity,” enabling borrowers to purchase AT for any aspect of their life: home, school, work, or recreation.