We use affordable credit as a tool to remove barriers for people who face discrimination
We know it isn't fair that people with fewer resources pay higher interest rates:
Community Credit Lab reverses traditional financial risk/return analysis to design affordable lending programs that support people on their terms:
We facilitate affordable lending programs in partnership with organizations that work directly with people. Our lending programs and related loan terms are designed in collaboration with partners and the communities they serve.
Our model includes:
Workshops: we collaborate to design and manage affordable lending programs;
Affordable Credit: we lend at 0% interest to people based on trust and relationships;
Loan Management & Servicing: we operationalize affordable lending programs;
Credit Reporting: we support people to build credit and reduce future interest rates;
Data Analytics: we inform effective decision making and portfolio analytics.
Ultimately, our shared goal is systemic change and economic equity for people that face discrimination. We know we won't get there alone. We seek to build partnerships with funders, investors, financial institutions, corporates, and the public sector to build equity in collaboration with nonprofits and communities already working tirelessly towards change.