Community Credit Lab

MAKE CREDIT EQUITABLE

MISSION
At Community Credit Lab, we get capital to people who face discrimination by designing and managing affordable (0% interest) lending programs on their terms.  

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 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. 

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 and achieve their goals on their terms. Any amount helps -- join us!

• direct costs of designing affordable lending programs (e.g. staff time);
• costs associated with supporting people to build credit (e.g. credit bureau reporting);
• costs of managing affordable lending programs (e.g. loan management software).