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 unlocking their full economic potential.
45 million people are without access to affordable credit. 16 million people don’t have access to bank accounts.
1 in 4 families turn to fringe financial services for their daily needs.
Being invisible costs more. Payday lenders charge 391% to 521% interest for payday loans.
We meet hardworking families where they are.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.
People lend and borrow with each other all the time. We recognize this practice and use credit reporting to make it visible.
We help people navigate the financial marketplace and develop programs that transform everyday financial practices into savings and credit building opportunities.
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.
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as seen in
Zero-interest loans can help aspiring Latino homeowners build credit and avoid predatory lenders.
José Quiñonez delivered a keynote address, "Out of the Shadows: My American Story."
Inviertiendo en el capital humano para mejorar las finanzas personales. Julio Muñiz entrevista a José A. Quiñonez.
"This is money from the folks that are cleaning our houses, washing our dishes, people that are babysitting our kids."
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.donate