SoLo Funds connects lenders and borrowers for affordable access to small loans
SoLo Funds is a Cincinnati-based startup that’s providing a solution for the average American worker — many of which can’t afford emergency expenses because of how small loans work in our financial institutions. And it’s using community to do so.
For most people who need to borrow a small loan, traditional banks aren’t an option. And we know that payday loan institutions charge high interest rates and often take advantage of borrowers. But SoLo Funds is a mobile lending exchange connecting lenders and borrowers for the purpose of providing more affordable access to loans under $1,000.