"I was excited to be offered an Independence Project microloan after taking a credit counseling class. With the funds, I was able to help pay down debt and work on increasing my credit score. My goal after the microloan is to buy my first home."
Domestic abuse survivor & microloan recipient
“I was excited to be offered an Independence Project micro-loan after taking a credit counseling class. With the funds, I was able to help pay down debt and work on increasing my credit score. My goal after the micro-loan is to buy my first home.”
Before she took a four-week credit counseling class led by her domestic violence advocate, Camilla* didn’t know that her credit score was impacted each time she purchased an item on credit and paid late. Now, with the help of the National Network to End Domestic Violence, Camilla is not only a survivor of domestic violence, but also has learned skills to rebuild her credit and improve her long-term financial stability.
NNEDV’s Independence Project is a credit-building micro-lending program for domestic violence survivors. Financial abuse (which includes ruined credit by an abuser or withholding access to credit) occurs in 99% of domestic violence cases. Without good credit, many survivors can’t access safe and affordable housing and may even be denied employment. The Independence Project continues to lend to survivors in good standing until they reach their credit score goal.
Better credit scores give survivors more flexibility and freedom, empowering them to plan for their long-term safety and financial security. Camilla is now serious about making her credit payments on time. She has successfully paid back her first Independence Project micro-loan and plans to reapply for a second in an effort to meet her credit rebuilding goals.
“When we are young, all we hear is ‘credit, credit, credit,’ but you really don't know until you are older how important it really is,” she says.
*Name has been changed to protect the survivor’s privacy.
We have partnered with the National Network to End Domestic Violence since 2013 to support its mission to change the way our society deals with domestic violence.
Did you know
- Thirty-One Gives invested $175,000 in the National Network to End Domestic Violence to launch the Independence Project, a micro-lending program to help survivors of domestic violence build credit scores and economic independence
- Thirty-One Gifts has funded 106 active and completed loans
- In 2017, Thirty-One designated all U.S. Gives Round Up! funds raised in the month of October to support the Independence Project
- You can show your support to help end domestic violence by adding a purple embroidered Gives Care Ribbon Icon-It to your Thirty-One Gifts product