We use affordable credit as a tool to remove barriers for underserved communities
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 underserved communities on their terms:
We facilitate affordable lending programs in partnership with organizations that work with underserved communities. 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 or revise affordable lending programs;
Regenerative Lending: we provide capital to support 0% interest lending programs;
Guarantees: we collaborate to source philanthropic funding that covers loan losses and supports the sustainability of affordable lending programs;
Loan Management & Servicing: we provide comprehensive operational support for affordable lending programs;
Credit Reporting: we support underserved communities to build credit;
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 underserved communities already working tirelessly towards change.