Life Asset

Life Asset, established in 2011, is a dedicated non-profit organization focused on empowering entrepreneurs in the Greater Washington D.C. area through accessible microloans, comprehensive training, and robust support networks. Since its founding, Life Asset has significantly impacted the local economy, providing over 1,500 business owners with the essential capital needed to launch or expand their ventures, particularly those who face barriers with traditional financial institutions.

The organization distinguishes itself with a unique "social collateral" lending model, inspired by the Grameen Bank. This innovative approach allows Life Asset to offer loans without requiring a specific credit score, income level, or traditional collateral, achieving high repayment rates through a system of peer accountability within self-selected entrepreneur groups. Beyond funding, Life Asset fosters a vibrant community where business owners connect, collaborate, and support one another, alongside offering free weekly training sessions and one-on-one coaching in multiple languages.

Life Asset is deeply committed to financial inclusion, actively encouraging applications from underserved populations including single mothers, senior citizens, veterans, returning citizens, immigrants, and those experiencing homelessness. By reporting loan payments to credit bureaus, they also provide a vital pathway for borrowers to build positive credit histories, reinforcing their mission to create lasting economic opportunity and entrepreneurial success.