Exodus Lending

Providing trapped payday loan borrowers a just pathway to financial stability

Exodus Lending provides a just pathway away from the shame, isolation, and fear of payday debt towards stability, courage, and justice.

Our Work

Payday loan borrowers may have taken out the loan due to an unexpected increase in expenses, a death in the family, a separation/divorce, a medical crisis, a home or car repair, or just needing a bit more money to get by one month. Yet instead of experiencing short-term relief, they became stuck in a continual, long-term cycle of debt -- only able to pay their fees and interest payments and unable to pay back the principal amount of the loan.

Exodus Lending frees people from this trap by paying off the loan in full to the payday lender. Our program participants pay Exodus Lending back the principal amount only and have a full year to do so (as opposed to the required 2 weeks for payday loans). Exodus Lending charges no interest or fees, so our borrowers can afford their other expenses and move on with their lives.

Since opening in 2015 we've helped over 150 participants save more than $370,000 in interest and fees, access quality financial counseling, and reach savings goals -- while breaking the silence and stigma that surround payday lending. Let's continue to help more!

Find out more about Exodus Lending by checking out our 5-minute video at http://exoduslending.org/how-we-help/

Our Values

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

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

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.

© 2018 GiveMN | A registered 501(c)(3) nonprofit organization.