A 0% interest loan that helps you reach your goals—with savings, credit building, and one-on-one support.
At Project Prosper, we believe everyone deserves a fair chance to build their dream life. Many immigrants and refugees are blocked from getting safe, affordable loans because of language barriers, limited credit history, and confusing financial systems. That’s why we created the Loan Program—to give you the tools, support, and opportunity to take your next big step. Whether it’s buying a car, applying for residency, or starting a business, let us help you turn your goals into reality—with no interest, no hidden fees, and a team that believes in you.
Why Choose This Loan?
$2,500 — One time loan to help you move forward
36-Month Term — Plenty of time to repay in small monthly payments
0% Interest
6.299% APR (Potential of 0% APR)
No hidden fees
Self-Savings — You’ll save 10% of your loan ($250) to build good financial habits
Matched Savings Bonus — Complete coaching and meet payment deadlines to earn an extra $250 as a gift
Use the Loan For:
- Migration or citizenship application fees
- Buying a car
- Paying for school or training
- Starting a small business
- And more!
Credit Building — Payments reported to the 3 main credit bureaus
No Credit Needed — No credit experience required
No penalties for early payment
1-on-1 Financial Coaching — Meet with a coach in English, Spanish, or through an interpreter
Think of applying for a loan? Watch this!
We’ve got exciting updates to share about our 0% interest Loan Program! As more people join, we’re making a few changes to how we talk about the loan—just to stay in line with legal rules. But don’t worry: the program itself hasn’t changed. This short video explains what’s new in our advertising and how it helps you better understand loans and fees. It’s all part of helping you build confidence and knowledge as you grow financially. Check it out!
Eligibility
You may qualify if you:
- Have a one-time financial need (we do not make loans for rent, utilities, or other recurring expenses).
- Must be an immigrant or former resident of a US territory now living in Florida (e.g., Puerto Rico, Guam).
- Can provide proof of immigration status, like:
- refugee,
- pending or approved asylum,
- pending or approved T-Visa,
- pending or approved U-Visa,
- pending or approved VAWA,
- approved ISJS,
- permanent residence,
- naturalized US citizenship,
- and US citizenship (from a US territory)
- Have a valid work authorization (if applicable).
- Lived in a U.S. state for less than 15 years.
- Live in Pinellas, Hillsborough, Pasco, Manatee, or Sarasota Counties in Florida.
- Currently employed, with at least 6 months of employment history.
-
Are at least 5 years past your bankruptcy discharge date (if applicable).
- Qualify as part of a low-to-moderate income household (see charts below).i
If you live in Hillsborough, Pinellas, and Pasco Counties, your household needs to make the same or less than:
1
Person In Family
$64,250
net income
2
Persons In Family
$73,400
combined net income
3
Persons In Family
$82,600
combined net income
4
Persons In Family
$91,750
combined net income
5
Persons In Family
$99,100
combined net income
6
Persons In Family
$106,450
combined net income
If you live in Manatee and Sarasota Counties, your household needs to make the same or less than:
1
Person In Family
$63,950
net income
2
Persons In Family
$73,050
combined net income
3
Persons In Family
$82,200
combined net income
4
Persons In Family
$91,300
combined net income
5
Persons In Family
$98,650
combined net income
6
Persons In Family
$105,950
combined net income
(Income limits used are provided by HUD and updated every year in April)
How to Apply
You can apply online or by paper. Either way, we’re here to help you every step of the way.
Apply Online
- Complete a Loan Application Form and submit all required documents
Apply by Paper
- Contact us first to discuss eligibility and next steps.
- Submit your completed application and documents:
- By mail: Get a tracking number and keep your receipt
- In person: Drop off at 1901 Ulmerton Rd, Ste 625-624, Clearwater, FL 33762 (Previous appointment. Mon–Fri, 9 am to 5 pm)
When to Apply
Because we can only approve a limited number of loans each month, we will accept required documents during the last 7 days of the previous month. For example:
- If you want to apply for a loan in September, you must send all required documents between August 25th and August 31st.
- On September 1st (or the next business day, depending on the month), a staff member will let you know if your application will be considered for that month.
Next Steps:
- Attend an interview.
- Subject to approval, receive notification that your loan has been approved.
- Attend your loan presentation, where you collect your check and meet your coach.
Documents Needed:
- Completed Loan Application Form.
- Copy of a valid Florida driver’s license or state ID
- Proof of migration status (e.g., asylum, refugee, T-Visa, green card, etc.)
- Valid work authorization
- Last 30 days of pay stubs or other proof of income
- 2 most recent bank statements (all accounts – checking and savings)
- Proof of address (like a utility bill or lease agreement)
- Credit report (MUST be downloaded at annualcreditreport.com)
Need help getting your credit report? Download our step-by-step guide in English or Spanish!
Sample payment for a loan issued for the maximum value ($2,500):
$69.45
x 36 Months =
$2,500
Loan Principal
$6.95
x 36 Months =
$250
Self-Savings
$76.40
Total Monthly Payment
$2,750 ($250 returned as savings)
Over 36 months
Have Questions or Need Help Applying?
We’re here for you in English or Spanish!
Calls: (727) 354-7564
Text or WhatsApp: (727) 900-5142
Email us anytime at: loans@projectprosper.org