The calculator provided here allows you to enter your own institution's data to calculate a...Read more
Alternative Small Dollar Loans: Building the Business Case
Using case studies from existing product offerings, this paper highlights financial institutions’ innovation and experimentation with providing these products. These case studies include many of the small but growing number of financial institutions in Illinois that offer alternative small dollar loan products, as well as other non-Illinois institutions that offer helpful models. Although many of these case studies are of not-for-profit credit unions, all financial institutions share an interest in providing sustainable financial products that responsibly meet consumer demand and assist the firm in remaining solvent and well-capitalized.
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Individuals need access to safe small dollar loans to assist them during periods of financial...Read more