get capital to underserved communities on their terms
What We Do
WE MAKE CREDIT EQUITABLE FOR UNDERSERVED COMMUNITIES
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.