Exodus Lending has now refinanced the loans of 93 persons trapped by payday loans and we look toward reaching 100.  A few more statistics:

  • The total number of participants who have repaid their loans in full and have “graduated” from Exodus Lending:  27 (and growing each month!)
  • Total number of loans refinanced:  124
  • Total amount refinanced:  $61,433
  • The average refinanced amount per participant:  $668
  • The average payday loan APR participants were paying before coming to Exodus Lending:  460%
  • The amount of fees and interest paid to Exodus Lending: $0
  • Total amount saved for participants (in 12 months): $240,243

Categories: Uncategorized

Archives

Categories

Our Mission

Exodus Lending provides trapped payday borrowers a just pathway to financial stability.

Our Values

Transformation
We seek lasting change for the individual, for financial institutions, and for society at large.

Relationship
We desire a strong relationship with our clients and with community partners who further our shared goals.

Transparency
We aim for clarity with our clients and donors every step of the way.

Faith-Rooted Action
We are people of faith who believe that the work of liberation is central to the traditions we embody.

Contact

MEETINGS BY APPOINTMENT ONLY
CONTACT US FOR ADDRESS
Minneapolis, MN 55406

CALL: (612) 615-0067

Email Us

Follow

Sign-up for Email Updates

MENU