Today, we're excited to share our “5 Years of Dreams” lookback report in celebration of 5 years of our award-winning Lending Circles program. We invite you to check out this interactive compilation for infographics, stories, videos and more hidden surprises.
Take some time to explore how social lending is changing lives, and you’ll see that with a little creativity (and good credit), everyone can reach their dreams!
And if you are inspired by what you see, please support us by making a donation.
Get a $155 scholarship and zero interest loan to pay for DACA. en español
Before she got her work permit through DACA, Itzel only dreamed of finishing college.
Now, she’s got a job and is working on her goal of becoming an attorney.
You can live your dream, too.
Find Social Loans are a Proven Tool for Credit Improvement
June 5, 2013: Two reports were released yesterday from independent evaluators at San Francisco State University studying the impact of Lending Circles on credit improvement. These reports confirm that social loans paired with financial education are a viable model for increasing financial capability of low-income consumers nationwide. Exciting new insights include:
The average increase in credit score: 168 points
Average credit score post-Lending Circles: 603
An average reduction in debt per participant: $1,000
A special thanks to the Ford Foundation, CFSI and Citi Community Development for supporting this work!