We're here to end the predatory loan industry.

Payday lenders target our society's most vulnerable communities for financial gain. Though local governments have enacted regulations - predatory lenders continue to charge interest and fees of up to 600% and utilize lobbyists and loopholes in the law to maintain their power within the micro-lending space.

On average, people pay their loans. Micro-lending default rates are equal to credit cards (~6%). However, those in the power of the financial system have removed options from borrowers, forcing them to have few alternatives: predatory loans or charity. Neither of which lends itself to dignity.

Common Interest's model - which utilizes interest earned from lent digital assets to collateralize loans - allows anyone to borrow funds to cover unexpected expenses over a more reasonable time frame.

We want to give people the chance to pay their utility bills, fix their cars, and cover unexpected medical expenses without the burden of a debt spiral. By using our platform, we can introduce everyday people to Web 3 alternatives and steer them to a more equitable and transparent financial system.