Community Credit Lab
$13,356
Saved on 3 projects and calls
This is the total value we've estimated for all projects matched. Learn more about how we calculate project savings.
Mission
get capital to underserved communities on their termsWhat We Do
WE MAKE CREDIT EQUITABLE FOR UNDERSERVED COMMUNITIESOVERVIEW
At Community Credit Lab, we get capital to underserved communities on their terms. The impetus for this 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 who need access to credit most.
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.
