What is Zomia SPC?
Zomia SPC is a social purpose corporation launched in 2014 to increase access to higher education among students in marginalized communities. We do so principally by facilitating affordable student loans, engaging a community in a peer-to-peer lending process that connects students in need with individual lenders.
Registered in Washington State, Zomia SPC is a for-profit corporation with a social mission. In 2018, Zomia amended its bylaws to allow interest earned on student loans to be used in covering loan administration costs.