SoLo Funds launches SoLo Causes to further commitment to local communities in partnership with Habitat
Habitat for Humanity International is one of the first SoLo Causes partners
ATLANTA (Dec. 15, 2021) — SoLo Funds, a capital marketplace for emergency loans, today announced the launch of SoLo Causes. SoLo will call on its community of over 300,000 members to select a nonprofit to support, allowing a percentage of the SoLo donation from each loan to go to those in need. Habitat for Humanity International is one of SoLo Causes’ first partners.
With the launch of SoLo Causes, the company is differentiating itself from traditional financial platforms as users have a say in how SoLo’s revenues impact communities. With SoLo Causes, SoLo is committing dollars to organizations that are making meaningful change in underserved communities.
“Doing good, being purpose-driven and supporting our members are vital portions of our DNA,” said Rodney Williams, co-founder and CEO of SoLo Funds. “As we set an example for innovative financial service models, we are excited to announce this initiative to support organizations like Habitat for Humanity that support our communities.”
Habitat for Humanity has helped over 39 million people since its inception in 1976. The partnership with SoLo Causes will support Habitat’s efforts to help even more people gain access to affordable homes. This effort is part of SoLo’s commitment to redistribute 100% of its members’ voluntary SoLo donation revenue to nonprofits by 2023.
About Habitat for Humanity
Driven by the vision that everyone needs a decent place to live, Habitat for Humanity found its earliest inspirations as a grassroots movement on an interracial community farm in south Georgia. Since its founding in 1976, the Christian housing organization has grown to become a leading global nonprofit working in local communities across all 50 states in the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.
About SoLo Funds
SoLo is an innovative community where its members supply and have flexible access to capital. Driven to provide access for all, SoLo provides an alternative to access capital that is simple, empowering and community driven. Today the company is focused on evolving its impact across its members but grounded in the same hope and mission: to build a community that enables financial autonomy for all. To learn more about SoLo Funds, visit www.solofunds.com