CEO’s borrowers would have a hard time finding affordable financing elsewhere, often due to a lack of credit or because they are new to the U.S. In turn, financial exclusion makes climbing the economic ladder that much harder. Our loans fill this gap, while our partners’ programs boost income earning potential and financial management skills.
-
HAYDER from IRAQ
Hayder, a refugee from Iraq, arrived in 2017 and is now working full time. He used his CEO loan to buy a car to drive for Uber and Lyft to make extra money to support his family of four.
-
2017:
384 new loans totaling $700k, 97% were "low income"
-
ISELA from COLOMBIA
Isela came to the U.S. from Colombia in 2016 and took out a small loan to kickstart Too Sabrozo Deli — selling Colombian sweets to her San Diego customers.
-
Our borrowers came from 38 countries
-
YU from BURMA
Yu arrived from Burma in 2014, and is now the owner of a successful sushi franchise thanks to a loan from CEO and business counseling from IRC.
-
43% borrowers arrived less than one year ago, 28% arrived between 1-2 years
-
NICOLE from PHOENIX
Nicole, a U.S.-born foster youth in Phoenix learned about credit through IRC Youth Financial Education classes, and just took out a CEO
Credit-Builder loan to establish credit for the first time. -
7% of all borrowers were native to the U.S.
-
RITA from IRAQ
Rita arrived as a refugee from Iraq in 2010, and is now operating a successful in-home childcare business.
-
We project 96% repayment rate based on historical data
-
YACUB from SUDAN
Yacub arrived in 2015 from Sudan. After attending IRC financial education training, he applied for a loan to get his commercial trucking license. Today, Yacub is driving full time and making almost double what he was before.
-
DUA from SYRIA
Dua came from Syria in 2016. After financial education and a CEO credit-building loan, she had established a 671 FICO within her first six months in the United States.
