Toyota Motor Co., through Toyota Social Innovation, formed a partnership with not-for-profit organization On the Road Lending — by providing three grants totaling over $1 million, the companies announced yesterday.
Dallas-based On the Road Lending, formed in 2013, operates through a character-based lending model to help individuals build financial capability and then provide an affordable loan for a vehicle through its affiliated for-profit lending entity OTR Fund I. The organization then stays with those clients for the life of the loan — usually five or more years — providing financial mentorship and support, according to a company press release.
