It’s a 0% interest-free charitable loan. With an Impact Loan, repayment takes place over a 12 month schedule and is set up to be automatically debited from the recipient’s bank account on the day of their choosing. This loan helps to bridge cash flow and pay emergency expenses without accruing extra fees or increasing high-interest debt.
This gives us an opportunity to meet the very real needs in our communities while also restoring dignity back to those receiving the funds. This is the key to prospering communities worldwide.
This fully automated, tech-enabled process was built around respecting the dignity of the applicant. The loan process itself is managed by our partner, the Community Impact Fund, allowing for the process to be completely anonymous from application to pay off. Funded entirely by your donations, this is a way for our organization to show support and give a hand up to those employees who need it most.