Micro Bridge Loans take community based dollars and recycle them back to needy community members in the form of non-interest bearing loans of up to $300. We work through a network of local sponsors, partner organizations and local banks and credit unions to ensure the loans get to the right place and empower the individual for the future.
We operate on three principles:
1 - Act Locally by partnering with local community based organizations (CBOs) and banks/credit unions to deliver our services.
2 - Reward Responsibility by reporting positive loan repayment to a national credit agency and by working with banks and credit unions to recognize and incentivize our borrowers.
3 - Build Self Sustainability by supporting money management education and training through our local partners, and by integrating borrowers into the local community and financial system.