What is Axuda?
Axuda is a non-profit organization working to provide small, short-term interest free loans to working individuals and families that need a helping-hand. Axuda provides a forum for Borrowers to tell their stories and have their loan request crowdlended by several Axuda Lenders. Once an Axuda loan is repaid, the funds are used again to lend to other Axuda Borrowers.
You Make Axuda Possible
Axuda is comprised of four important groups of participants:
Borrowers
Borrowers are individuals with short-term financial needs that other traditional lending programs cannot fill. Working with a Sponsor, a Borrower makes a loan request for up to $600. Once the loan is funded, the Borrower will repay the loan with a term of up to one year.
Lenders
A Lender will help fund a loan for a Borrower. The Lender chooses how much money to lend to each Borrower of their choosing. With each loan payment, money is returned to the Lender's account to be lent again to another Borrower.
Non-Profit Sponsors
Non-profit sponsors are community organizations that provide assistance and services to the Borrower. Familiar with the Borrower, the Non-profit sponsor determines need and ability of the Borrower to repay loan. Sponsors also work with the Borrower to help them make the loan request online.
Business Sponsors
Business sponsors are employers who help connect employees in need with becoming a Borrower. They also help foster philanthropic lending opportunities within their company by providing information and support to employees interested in becoming Lenders to the Axuda program.
How It Works
Choose a Borrower
Browse the list of loan requests. Borrowers are seeking funding for a variety of needs such as vehicle repairs, moving expenses, and education costs.
Lend
Choose any number of loan requests to fund with as little as $10. You choose how many loans to fund and how much you want to lend.
Get Repaid
As the Borrower repays the interest-free loan, funds return to your Axuda account.
Repeat
Use your loan repayments to lend to additional loan requests from Axuda Borrowers.
What People Are Saying
My experience with Axuda has been exceptional. I have been helped twice when issues with car repairs and home repairs would have put me so far behind in my bills. I appreciate the help more than I can express. Thank you for setting this program up.
I didn’t have a clear vision for a solution after needing assistance with a car maintenance loan. It seemed that the logical progression was to ask a friend or family member and; however, I wasn’t entirely sure if this was going to work. As I contemplated what to do next, I was informed by a co-worker how the Axuda program works and the importance of the repayment plan. I gladly took on the challenge and submitted all qualifying documentation. Within a month I received a $600 loan that was deposited right into my bank account. I utilized these funds to my advantage and was able to fix my car immediately. What I really loved about the program is that I didn’t have to be a burden on friends or family in regards to cash. By having a reliable car, it allowed me to work more hours and payback my loan quicker! It’s gratifying to know that programs like this exist for individuals who face unexpected hardships. Thanks, Axuda!
I want to thank Axuda for helping me when my car needed repairs and I was not able to afford it, the loan was very helpful. I got my car fixed. The payments were easy to make. Really grateful for Axuda!