Reducing Poverty Through Auto Ownership

Michelle Corson is a woman on a mission. After a successful career in the finance and venture capital industries, she started a non-profit, On the Road Lending, whose goal is to provide mobility for low-income people with poor credit. She doesn’t improve people’s mobility by giving them transit passes or bicycles; instead, she offers affordable loans for new or reliable used cars that are still under warranty.

Click image to download a five-page PDF of this policy brief.

It doesn’t hurt that Corson herself loves to drive. But she also recognizes that transit doesn’t always reach the best jobs for low-income people and that single mothers are not going to be able to get their children to school on a bicycle. Continue reading