On the Road Lending is a 501(c)3 nonprofit organization founded in 2013 that provides vehicle selection assistance and long-term financial mentoring to address a little understood, but substantial problem—providing a way for low-income individuals to overcome transportation barriers so they can get to work, lead a healthier life, and avoid predatory lending. We help people improve their credit and purchase fuel-efficient, reliable cars, financing them ourselves with a low-cost loan.
In most cities, a car is a necessity. Job training means little if a person can’t get to the job, school choice means little if the school is far away, and healthier food options mean little if you can’t get to them. On the Road Lending solves these problems by helping families purchase fuel-efficient and reliable cars because a better car leads to a better job and a better life. Lack of reliable transportation is the number one reason people lose their jobs. On the Road Lending helps people overcome this risk by finding them good cars that are affordable, under warranty and fuel-efficient, so they never have expensive, unforeseen car repair bills. We work with clients for several months to build financial capability and then arrange an affordable loan through our private-equity loan fund. We stay with these clients for the life of the loan—usually five or more years—providing financial mentorship and support.