Grant For Exodus Financial Services

Exodus Lending will spread the Resiliency Loan Program as an alternative to payday and other high-interest small-dollar predatory loans. This innovative lending model offers no-interest personal loans through a network of community partners in areas with payday lenders and are structured to help people who need immediate relief, while building credit history and supporting future wealth building. Community partners offer related family economic success training and wrap-around support to loan recipients to reduce their reliance on payday lenders. Exodus Lending will also work to influence other financial institutions’ underwriting methods to be more accessible and equitable, and to increase protections against predatory lending schemes through grassroots organizing and legislative action.