The Flexible Credit Initiative (FlexCred) aims to provide affordable and flexible short-term loans as an alternative to predatory payday and auto title loans. It will partner with community banks to offer loans between $200-$2,000 with terms of 1-2 years at a simple 15% interest rate. FlexCred will also partner with community organizations to provide financial literacy programs. An initial pilot program will target two high-need neighborhoods in the Bronx, partnering with local organizations and banks to establish a $250,000 loan pool and raise $575,000 in startup funds from individual donors, foundations, and corporations.