News & Media

Find updates about our work, and inspiring stories straight from the individuals and families that have found financial freedom through Exodus Lending.

Exodus Lending, an alternative to payday lenders, makes 100 loans in less than two years

Exodus Lending, which launched two years ago from a Minneapolis Lutheran congregation as the first alternative to  payday loans, has made its 100th loan, including to 41 working-poor borrowers who were refinanced from the “payday loan debt trap” and repaid in full. “We had no idea the program would grow this big and help so… Read More

States without Payday and Car‐title Lending Save Over $5 Billion in Fees Annually

According to a report published in  2016 and updated in January 2017 by the Center for Responsible Lending (CRL), Minnesota alone saves $81,240,630 annually because car title loans are not legal in Minnesota. Their report indicates that we could save even more than that amount if payday loans were not allowed either. CRL estimates that states without… Read More

Exciting news!

We've surpassed the 100 mark! Exodus Lending has now refinanced the loans of 101 persons trapped by payday loans and look forward to helping others soon.  A few more statistics: The total number of participants who have repaid their loans in full and have “graduated” from Exodus Lending:  41 (and growing each month!) Total number of… Read More

Exodus Lending takes a faith-based approach to righting financial injustice

We appreciate that our story is highlighted in the fall/winter issue of Luther Seminary's Story Magazine. Samuel Chamberlain talks about how Exodus Lending got started, how payday loans work and what we continue to do to free people from payday loan debt.  Read the entire story here… Read More

Exodus Lending continues to change lives!

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… Read More

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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.

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CONTACT US FOR ADDRESS
Minneapolis, MN 55406

CALL: (612) 615-0067

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