Community Credit Lab

MAKE CREDIT EQUITABLE

MISSION
At Community Credit Lab, we get capital to people who face discrimination on their terms by designing and managing affordable (0% interest) lending programs. Our lending programs support people in the Puget Sound area, primarily Seattle and the surrounding region in King County. 

WHY AFFORDABLE CREDIT
The impetus for our work was our frustration with another global pandemic known as the poverty premium that traps people with fewer resources in cycles of poverty due to extractive, higher interest rates. At CCL, we reverse this by providing regenerative lending at 0% interest to support people effectively.

Many people in our community in the Puget Sound are facing economic barriers due to a lack of access to affordable resources. By providing affordable credit, we support people to achieve their goals on their terms.

EXAMPLE LENDING PROGRAM
The first lending program we launched last fall was to support foreign educated nurses on their journey to becoming Registered Nurses in the U.S. by providing $500 loans for them to take a prep course to convert their foreign credentials. At the time, we could never have known how important and urgent the need for nurses in our community would be. As a result of this program, we're excited that 10 nurses are about to enter Seattle's healthcare system as their services could not be more needed than now. If it's of interest, please take 5 mins to watch this video from our partner on the importance of this program here.

INVITATION
As we gear up for the next round of our nursing loan program and several other affordable lending programs that are currently in our pipeline, we invite you to join our efforts by subscribing on Patreon. We're hoping to launch several new lending programs over the coming months that support people to access affordable credit. Any amount will help people achieve their goals on their terms. Join us!

• direct costs of designing affordable lending programs (e.g. workshops with people)
• costs associated with supporting people to build credit (e.g. credit bureau reporting)
• costs of revising and improving affordable lending programs (e.g. loan management)

Community Credit Lab's tax ID number is: 94-1899948. Federal income tax law requires us to inform you that no goods or services were provided to you in return for your contribution. Within the limits prescribed by law and subject to Patreon's tax guidance, the full amount of your contributions are deductible for federal income tax purposes.