Pawn shops are licensed and regulated financial organizations that lend money and take the collateral. If a borrower defaults on the loan, the shop takes over the collateral and is looking to liquidate it fast. The major types of stuff that pawns take are cars, art, watches, jewelry, guns, and prepaid&gift cards.
10-15 million US people are not considered eligible to open a bank account, so many use cash or prepaid cards to receive money for their jobs. And many of these items eventually end up as pawn shop collateral.
Evita aligns interests:
1/ We help pawn shops to liquidate collateral from their defaulted loans. Then, we use part of the borrowers' leftover balances to pay for their financial education.
2/ We also help pawn shops to fulfill their desire to have a non-mercenary mission and contribute to the community.
3/ We help people who are stuck in defaulted loans with no bank accounts to gain hope for a better future and start their way to a financially stable life.