Exodus Lending was founded to combat the cycle of predatory debt caused by payday loans. As a certified Community Development Financial Institution (CDFI), it refinances participants' payday or other predatory loans with a zero-interest, no-fee loan of up to $1,000, which is repaid over a 12-month period. The organization's mission is to provide relief from predatory loan debt and offer a pathway to financial stability through its refinancing program and ongoing financial counseling. It is funded by grants and donations rather than by generating profit from its lending activities.

Founded in

United States