cover image: Employer-Based Small-Dollar Loans

Employer-Based Small-Dollar Loans

31 Oct 2024

This fact sheet explores employer-based small-dollar loans as a tool for improving access to credit and financial stability for workers in low-wage jobs. We studied the growth of the Community Loan Center of America (CLC) Small Dollar Loan program, through which participating employers facilitate loans to employees of up to $1,000. We analyzed loan performance and participating employers' and employees' experiences in the program.
financial stability data analysis employment workforce metropolitan housing and communities policy center center on labor, human services, and population qualitative data analysis credit availability financial products and services asset and debts wealth and financial well-being economic mobility and inequality quantitative data analysis financial well-being data hub

Authors

Brett Theodos, Amanda Hermans, Ilina Mitra, Miranda Santillo

Pages
2
Published in
United States of America

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