• “MAF is like a financial version of a potluck dinner: Everyone contributes something of their own, but each individual also benefits from what everyone else brings to the table.”

    Isa Hopkins, Grist

  • GOOGLE IMPACT CHALLENGE
    Better communities start with MAF.

Millions live in the financial shadows

When hardworking families can’t get car loans or own homes, they turn to payday lenders and check cashers to make ends meet. High cost fringe financial services trap people in a cycle of debt, preventing hardworking families from realizing their true economic potential.

INVISIBLE

54 million people are without access to affordable credit. 17 million people don’t have access to bank accounts.

STUCK

1 in 4 families turn to fringe financial services for their daily needs.

STRAPPED

Being invisible costs more. Payday lenders charge 391% to 521% interest for payday loans.

We meet hardworking families where they are.
And then, we build on what they have.

the solution is simple

The solution can be found in the hidden strengths of communities across the country. People come together to lend and borrow money with each other. We connect this practice with the financial system so that borrowers can build credit and a brighter future.

RECOGNIZE

People lend and borrow with each other all the time. We recognize this practice and use credit reporting to make it visible.

BUILD

We help people navigate the financial marketplace and develop programs that transform everyday financial practices into savings and credit building opportunities.

SCALE

We use technology to expand our programs nationwide. With a network of nonprofit providers, we are able to help low-income people across the country.

  • “One-third of people who participate in Lending Circles lack any type of credit history when they enter the program. After completing a single lending circle, these individuals can grow their credit scores to approximately 600, and gain access to mainstream credit.”

    Senator Lou Correa

  • “NCLR is happy that MAF is leading California in expanding access to safe and affordable financial resources to its hard-working families.”

    Marisabel Torres, NCLR

  • “We have seen how families use the Lending Circles to reduce their debts, buy school materials for their children, buy gifts for the holidays, and invest in their small businesses.”

    Jorge Blandon, Family Independence Initiative

Blog

Jose Quinonez Gilbert Collins SAOC Wilson School

Honored with the Bullard Award by Princeton’s Wilson School

On April 9, the Students & Alumni of Color at Princeton’s Woodrow Wilson School honored me with the Edward P. Bullard Award. I was deeply grateful, and shared this message with my peers.

Jose Quinonez
Helen Daughter Lending Circles Strenghts

Policy Must Uplift People’s Strengths, Not Criticize Their Character

A recent article from sociologist Philip N. Cohen underscores the importance of policies that respect the dignity & strengths of the families we serve.

Jose Quinonez
Kimberly Lending Circles DACA MAF

Law School & Tamales: DACA Opens Doors for Kimberly

With the help of Lending Circles for DACA, Kimberly is finishing her degree and prepping her law school applications — all while helping her mom and sister grow their family tamale business.

Kevin Gardner
Build a Better LA Square MAF

Lending Circles Coming to More Los Angeles Communities

MAF is inviting Los Angeles nonprofit organizations to apply to become Lending Circles social loan providers.

Victoria Mayernick

as seen in

PRESS

Univision Mission Asset Fund

¿Por qué es importante tener un buen historial crediticio?

Tener un historial crediticio en este país puede abrirle las puertas a nuevas oportunidades financieras, pero, ¿qué se puede hacer cuando nos niegan algún producto financiero por tener mal crédito?

CFSI_BLUE LOGO

Designing for Financial Health

The success of Lending Circles reinforces the importance of knowing your clients holistically in order to serve their needs with consumer-focused delivery. The program tapped into an already existing social practice among immigrant communities, who often pool money for financial support.

Crain's Detroit Business Logo

Chase, Southwest Solutions launch zero-interest loan program for Detroit residents

Southwest Solutions, J.P. Morgan Chase & Co. and MAF announced Thursday that they have launched a zero-interest loan program for Detroit residents.

Yahoo Logo

Southwest Solutions, JPMorgan Chase and Mission Asset Fund Launch Peer Lending Circles to Boost Credit Scores of Detroit Residents

Southwest Solutions, JPMorgan Chase & Co. and Mission Asset Fund (MAF) today announced the launch of Lending Circles, a new social loan program that will allow Detroit residents to safely build credit through zero-interest loans.

It’s not enough to feel good about the work we do. We care about having a real, tangible impact.
That’s why we validate our programs through third party-research.
This way, we measure our impact and use data to improve our programs.

We believe everyone deserves a shot at success.
Join us in making the financial system work for everyone.

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Investing $100 generates $4,000 in social loans helping families build credit and a better future.

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