1. Alternative Small Dollar Loan Toolkit
December 5, 2016
Lucy Mullany
IABG is a project of:

2. Illinois Asset Building Group
IABG is a statewide coalition committed to expanding access to the tools families need to build financially secure futures. We advocate for policy and program solutions that address the growing racial wealth gap, and we provide technical assistance to help organizations across Illinois build and strengthen their financial empowerment programs.
IABG is a project of:

4. Online Payday Loan

5. Illinois Auto Title Loan

6. Banking Opportunities
Bank On Initiatives
Predatory Lending Policy Reforms
Alternative Small Dollar Loans
Providing support to financial institutions
Developing policies that expand use
IABG is a statewide coalition committed to expanding access to the tools families need to build financially secure futures. We advocate for policy and program solutions that address the growing racial wealth gap, and we provide technical assistance to help organizations across Illinois build and strengthen their financial empowerment programs.
@ILAssetBuilding

7. Safe Small Dollar Loans
Key Features:
An APR, including fees, of 36% or less
A term of at least 90 days, or one month per $100 borrowed
Multiple installment payments with no balloon payment at the end
The ability of the borrower to repay the loan is considered by the lender
Other features which are sometimes included in SDLs are savings components by placing a portion of the loan principal into a savings account and/or requiring participation in financial education or credit counseling. 
@ILAssetBuilding

8. ASDL Toolkit & Calculator
illinoisassetbuilding.org/resource/alternative-small-dollar-loan-toolkit/
Other features which are sometimes included in SDLs are savings components by placing a portion of the loan principal into a savings account and/or requiring participation in financial education or credit counseling. 
@ILAssetBuilding

9. IABG & Heartland Alliance
Contact
Lucy Mullany
IABG & Heartland Alliance