We provide capital to those who otherwise would not have access to credit or for whom interest payments, such as those on credit cards, would be prohibitive. Our loans are always interest-free: Borrowers pay back the exact amount we lend out. There is no fine print.
Our loans are intended to help a borrower become economically self-sufficient. They are structured to be repaid over a period that ranges from 20 months to 10 years, depending on the type of loan.
Each loan is secured by co-signers who guarantee the loan will be repaid if the borrower defaults. Having guarantors is critical to how we maintain a repayment rate of more than 99 percent.