The Social Impact Gym: Why Change is Hard

I must admit that I have never owned, operated, or worked for a gym, but I’m fairly certain the business model is as follows: get as many people as possible to sign up for a monthly membership, get them paying via an automatic monthly withdrawal from their bank account, and assume / hope that only […]

My Goals for Capital Good Fund in 2019

2018 was a record year for Capital Good Fund. Not only did we grow our loan volume by 50% over 2017—$3 million financed vs. $2 million—but we deepened our market presence in Florida and expanded within Massachusetts. We rolled out a new, lower interest rate on our Emergency Loans (10%, down from 35%). We served […]

Announcing An Exciting New Product: Immigration Bond Loans

A History of Immigration Loans Our first loan, in April of 2009, was for a woman named Eva, who for nearly a decade had been unable cover the cost of applying for U.S. citizenship; six months later she was able to vote and quickly became engaged in community organizing and voter registration. Since then, we […]

We’re Lowering Our Interest Rate!

We are thrilled to announce that, effective October 18, 2018, the interest rate on our payday alternative loan of $300 – $500 has been lowered from 35% to 10% APR! In this post, we provide background on the issue of payday lending, why we used to charge 35%, and we chose to lower the rate. […]