Lending Club

Citizen Schools Sets Sail with Lending Club

Close your eyes. You’re stepping onto the netting of a 105-foot trimaran sailing boat. See the white sail majestically swell above you. Hear the seagulls call out, echoing against the hull. As the boat gains speed on the water, feel the spray of the San Francisco Bay against your skin. This morning, you boarded a school bus in East Oakland with your classmates, and this afternoon, you are no longer a 12-year-old middle schooler. You’re a young sailor on your first expedition out to sea. Lending club blog photoOn June 17, 2015, 12 students from Greenleaf K-8 School in Oakland and their families had the unique opportunity to go on their first sailing adventure, thanks to Lending Club, a new corporate partner for Citizen Schools California headquartered in San Francisco.

CEO Renaud Laplanche and co-skipper Ryan Breymaier chartered the maxi trimaran--now called the Lending Club 2--and they have selected an international team for a racing program to take place over the next 7 months. The crew has journeyed from Europe to both the East and West coasts of the United States, hosting sailing trips for colleagues and friends, which now includes Citizen Schools students, families, and AmeriCorps Teaching Fellows.

This year, Citizen Schools welcomed Lending Club as its 2015-2017 Financial Education-Banking Apprenticeship Sponsor in California. Citizen Schools is the company’s first official education non-profit partner, helping to launch its “Doing Good” program, which supports Lending Club employees’ efforts to make a difference in their community. Laplanche spoke about the need for these efforts: “An opportunity gap exists in financial education. Lending Club and Citizen Schools share a goal to narrow that gap, and we’re very excited to launch this partnership and get started.”

Lending Club employees will be forming teams to teach financial education apprenticeships across Oakland and San Jose in the 2015-2016 academic year. This summer, Citizen Schools and Lending Club are collaborating to develop an interactive apprenticeship curriculum that introduces youth to basic financial concepts like “credit”, “debt,” and “savings.”

Citizen Schools California knows the value of intentional partnerships with companies like Lending Club. The apprenticeship model thrives and benefits our students most when we partner with individuals, across a multitude of industries, who understand our mission and recognize the larger implications of sharing their specific knowledge and resources.

“An overwhelming number of low-income students don’t have access to educational opportunities at the same level as upper-income students,” says Laplanche. “Citizen Schools has built an admirable program that effectively addresses that gap. We look forward to having a hand in leveling the playing field and helping Bay Area students develop their financial literacy.”

About Lending Club

Lending Club is the world’s largest online marketplace connecting borrowers and investors. They’re transforming the banking system to make credit more affordable and investing more rewarding. They operate at a lower cost than traditional bank lending programs and pass the savings on to borrowers in the form of lower rates and to investors in the form of solid returns.