What We Do - Exodus Lending - Exodus Lending

Get out of payday loan debt, and into financial stability.

Exodus Lending is a nonprofit helping Minnesota families break their cycle of payday loan debt.

AmeriCorps VISTA position still open!

Exodus Lending is looking for a Fundraising and Communications AmeriCorps VISTA for a 12-month service year. The VISTA will raise program awareness statewide by communicating with current and new stakeholders, while also working to develop and carry out a yearly fundraising plan. This position offers a living stipend, health care allowance, an educational award or cash stipend following service completion, a professional development fund, qualified student loan forbearance, support from the Minnesota Council of Nonprofits, and monthly professional development retreats with a cohort of other passionate VISTAs serving in the Twin Cities.
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The Payday Loan Problem

Payday lending’s predatory and toxic impact on our communities can be equated to a modern form of slavery. According to research, the average family in payday debt is trapped in revolving payday debt for at least 5 months out of the year. This cycle hinders individual financial well-being as well as deters them from pursuing any financial future outside of paying off debt.

Monthly APR = 310%

On average, our borrowers pay approximately 310% APR on their payday loan.

1 in 20 Americans

According to a 2012 Pew survey, millions of Americans had payday loan debt.

A Solution to End the Payday Lending Cycle in Minnesota

When a payday store opened nearby a church in South Minneapolis in 2011, the congregation took notice. They decided to take a stand with their fellow community members facing economic crisis. Exodus Financial Services, known as Exodus Lending, was founded as a first-of-its-kind nonprofit to solve the payday loan problem.

How We’re Helping

We get Minnesotans out of payday loan debt and back on track financially by enrolling and supporting them in a 0% interest refinance program, lending up to $1,000 to qualified participants.


Our Program

We support where you are today, and where you want to be tomorrow.

We Listen

The first step is getting to know you and your situation.

We Refinance

We pay off your payday loan of up to $1,000; no interest, no fees, no strings attached. You pay us back over 12 months.

We Support

We connect you with financial counseling and help you meet your savings goals.

Our Success

$833,835

participant dollars saved

$271,734

in loans refinanced

141

program graduates

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I’ve had paychecks where I wasn’t in the hole already. It’s quite enlightening. It’s giving me hope and has just lifted a great deal off of my shoulders.

We are glad to pay back the loan in order to allow Exodus Lending to offer a loan to someone else who needs one.

I smile a little more. I’m a little bit happier. I walk with a lighter step. I hold my head up a little higher. Everyday is a brighter day.


Where We've Worked

Payday lending is a problem across the state of Minnesota.
Every blue pin on this map is marking a zip code that Exodus Lending has worked in.