Economic Justice Fund

Through innovative financial products, character-based lending, and a deep commitment to its mission, EJF originated 36 loans in 2023, of which 95% went directly to low-income borrowers. In 2023, EJF also achieved a milestone of surpassing 100 loans disbursed since its first full year of lending began in 2021. In 2023, EJF's three main lending initiatives and programs listed below resulted in high-impact loans that enable borrowers who do not have access to affordable financing to pay an emergency expense, pay off a predatory loan, begin entrepreneurship, and build their credit scores. Equitable Opportunity Loan - Provides a safe and affordable alternative to payday and predatory small-dollar loans. The Equitable Opportunity Loan offers access to financing for low-income borrowers who urgently need loans but cannot access financing from traditional lenders. Credit-Building Initiative - Empowers borrowers to establish a positive credit history as EJF reports borrower loan data to Experian, TransUnion, and Equifax. The Credit-Building Initiative offers fair and affordable loans with no minimum credit score requirement. Lifeline Pandemic Recovery Initiative - Provides loans to low-income borrowers struggling to recover from the economic consequences of the COVID-19 pandemic and the lack of access to fair and affordable financing. Lifeline loans empower individuals and entrepreneurs to escape predatory or high-interest-rate loans and recover financially from the lasting economic impacts caused by the pandemic.