Life Asset Impact by the Numbers
More than $5 Million in loans disbursed
Borrowers
%
Average Net Profit Increase
Jobs Created
Average Credit Score Increase
Training Classes per Year
%
Repayment rate
Give 6x the impact
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Life Asset can leverage every dollar you give to $6 in loans. That means a $100 gift becomes a $600 loan, and when the loan is repaid, your gift will be recycled back into the program and empower more low-income entrepreneurs.
- On average, the businesses supported by Life Asset create 2.5 jobs so your support has a ripple effect across the community.
What makes Life Asset unique
Our loans help underserved entrepreneurs
Statistics show that 45 percent of small businesses fail because they are unable to get the loan they need. We provide business training and small loans to entrepreneurs who want to start or expand a business but are can't get loans from traditional banks, credit unions and other non-profit lenders.
Our community impact is positive and measurable
With each business that grows as a result of a Life Asset loan, the surrounding community benefits. On average, each business our support helps to launch or expand creates 2.5 jobs, and in the past year, Life Asset clients employed over 2,500 individuals (including temporary and seasonal jobs). Thriving small business has concentric impact meaning others in the community are economically uplifted and vocationally empowered.
Our approach gets results
96% of businesses we support are still in operation one year after repaying their loan. With close to 80% of US entrepreneurs failing with their first 18 months, Life Asset provides a path for the region’s most economically vulnerable business owners to circumvent this cycle and thrive.
As part of our model, Life Asset offers a wide range of business support and technical assistance, such as online training and coaching sessions with our staff.
We also employ a highly unique model of peer-to-peer networking. Our group model is based on creating social communities among entrepreneurs, a critical aspect of our growth and high repayment rate.
Borrowers must participate in a larger network of fellow entrepreneurs, fostering a sense of shared accountability that eliminates the need for loan collateral. These groups become a self-sustaining community through which entrepreneurs can connect in their shared experiences, network and create new business connections, and support each other.
Volunteering
Due to COVID-19, we are not accepting new volunteers at this time. We will update this space when we can safely work with volunteers again.
Get in touch
Whether you’ve got a question or want to support our community, we’re happy to get your message.
Translate this website
Life Asset, Inc.
1640 Columbia Rd NW #104
Washington, DC 20009
(202) 709-0652
info@lifeasset.org
Life Asset, Marshall Heights
3939 Benning Rd NE
Washington, DC 20019
Life Asset, LaunchWork Places
1201 Seven Locks Rd Suite #360 Office #10
Rockville, MD 20854