who we are

Founded in 2019 by a group of local churches and civic leaders, Peoples' Loan Program is a nonprofit organization whose mission is to conduct a ministry of compassion to serve low-income residents of West Alabama by extending zero-interest, zero-fee loans in the neediest of cases. It is funded solely by donations from area churches, civic groups, and individuals.

PLP also co-operates with other supporting private and public organizations and agencies, including faith-based organizations. Assisting low-income residents of West Alabama in the areas of housing, food, and emergency loans for usual and unusual expenses.

It consists of an Client Advocate/Loan Manager and a Board of Directors comprised of a diverse group of individuals who represent various segments of the West Alabama Community.

what we do

Peoples' Loan Program loans offer an alternative to predatory lending practices. Unlike predatory lenders, the goal of PLP is to help people succeed, which offers them hope and dignity. These loans are used to assist with essential needs, such as utilities or rent. There are no late fees, and the monthly pay back rate is determined on a case-by-case basis. If PLP cannot meet the needs of an applicant, it will refer the applicant to other agencies that are more likely to be able to help. PLP also seeks to raise awareness and educate people on the dangers of predatory lending, as well as fight for changes in the laws regarding these practices.

why we do it

Predatory lenders take advantage of people who are vulnerable, desperate, and who need immediate help. Most of these people have a lack of understanding about loans, terms, or finances and have no understanding of the trap they are getting themselves into. Some payday lenders' repayment structure and fees result in an equivalent APR of over 450% on the money borrowed. PLP seeks to protect these residents by providing a safe alternative that puts the needs of the borrower first.