Pay it Forward
a cOMMUNITY Assistance Loan Program for nORTHERN vIRGINIA Residents
| Thank you for your interest in the Pay It Forward Loan Program. Please check back regularly as funds become available with repayment by current loan recipients. 8/1/2023: The PIF Loan Fund is currently accepting applications from Loudoun County residents. |
Pay It Forward is a Community Assistance Loan Program for Northern Virginia residents. This loan program believes that there is no one-size-fits-all to what constitutes a “need.” As such, Pay it Forward remains flexible, and responsive to applicants as they assess their own unique circumstances and identify where financial assistance will make the most difference in their lives and the lives of their family.
This program was established in 2020 by 100WomenStrong in direct response to help meet the needs of Loudoun County residents during the COVID-19 crisis. Pay it Forward has evolved and grown since its initial inception to meet the evolving needs of the residents of Northern Virginia. Between the support of the community, and the dedication of recipients repaying their loans, this sustainable loan program can pay those funds forward to help more individuals, families, and communities thrive!
What can loans be used for? ▼
Pay it Forward believes that a person’s needs, when unmet, can spiral into greater needs, and even financial crisis which can then affect their family and community. Need can take many forms from the basic necessities to assistance while waiting for the first paycheck from a new job, to costly textbooks, or even unexpected vehicle repairs.
How much can be borrowed? ▼
Loans are available up to $2,000.
How is the loan repaid? ▼
Loans must be repaid within 18 months via automatic bank debit payments. Loans are interest-free with a nominal processing fee is assessed at time of loan disbursement.
Why does the loan have to be repaid? ▼
The goal of Pay it Forward is to not only assist individuals in meeting their needs but to do so in a sustainable way. The repayment of each loan ensures that we can help someone else meet their needs. So, by paying a loan back, it is actually paying it forward!
Pay it forward loan program
Contact
Please allow up to three business days for a response.
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