MISSION ASSET FUND

Millions of people in the U.S. live in the financial shadows: more than 14 million are unbanked, and 49 million are underbanked, relying on high-cost fringe lenders when they are unable to access mainstream banking services. Another 45 million are credit invisible or have credit files too thin to score. For financially invisible people, it can be nearly impossible to rent an apartment, get a loan, and sometimes even get a job - and even more challenging to build financial stability and weather financial hardships. They are targeted by predatory lenders who entrap them in a cycle of debt and keep them from reaching their full economic potential. The best solutions are found in the hidden strengths of marginalized communities. MAF is building programs and services to meet the complex needs of low-income communities.