Community Credit Lab and the nonprofit Business Impact Northwest are excited to announce a partnership to support underbanked communities to access affordable credit in King County
Through this partnership, Business Impact NW will provide operational support as a fiscal sponsor during the interim period for Community Credit Lab to become a public charity recognized by the IRS as a 501(c)3. Business Impact NW will support the coordination and administration of funds that require a charitable, tax deductible contribution receipt. Additionally, the nonprofit will support Community Credit Lab with strategic insight and guidance with respect to loan management operations as the organization continues to grow its consumer lending product offering. The two organizations look forward to continued conversations about potential opportunities for collaboration to provide accessible, affordable credit in King County.
About Community Credit Lab:
Launched in August, 2019, Community Credit Lab partners to provide access to affordable credit and remove economic barriers for underserved communities in King County. Community Credit Lab currently works with nonprofit partners to design bespoke consumer lending products that are capable of supporting people to increase economic opportunity and build credit. Community Credit Lab also partners with funders and financial institutions to collaborate on affordable loan products and initiatives related to awareness of the economic barriers that underserved communities face in King County.
About the author
Sandhya Nakhasi
Sandhya Nakhasi is the Co-Founder & Chief Investment Officer of Community Credit Lab and has worked for 10 years in finance, venture capital, and impact investing.
Ryan Glasgo
Ryan Glasgo is the Co-Founder & Chief Operating Officer of Community Credit Lab and has worked for 10 years in mission related investing, impact investing, and philanthropy.