Stoneweg US increases resident credit scores established by over 150% in 2022


In 2021, Stoneweg US introduced Esusu as a financial amenity to their properties to help their residents improve their “financial fitness.” 

“The early deployment of the Esusu program across our portfolio was a no-brainer as soon as we heard about it,” states Patrick Richard, Founder and CEO of Stoneweg US. “We also immediately decided to offer this service to our residents instead of charging them for it. This is a small contribution on our side to help our residents improve their financial situation, and we found this is a nice way to give them something back,” added Richard.

Stoneweg US has many workforce housing properties, so accessing rent relief for their residents through Esusu was another major factor in the initiative.


Record growth: Stoneweg US renters established over 1,100 credit scores in 2022 

In January 2022, 745 Stoneweg US residents established first-time credit scores through the Esusu program. By the end of the year, there were 1,864 renters with new access to credit, an increase of over 150%.

This massive increase in established scores represents over 1,100 individuals gaining access to a crucial piece of the American financial system. 

“Rental payments are a significant aspect of people’s financial lives, and it’s time to recognize their impact. Positive rental credit reporting ensures that responsible residents receive the credit they deserve, ultimately fostering a more equitable credit landscape,” says Richard.

Being credit invisible can lead to many financial hurdles for people trying to build wealth in America. A credit score provides access to many financial products, like mortgages and car loans. Plus, the higher a person’s credit score, the lower interest rates they can access as they take on necessary debt through credit cards and loans. 

Stoneweg US helps younger renters establish credit faster
38 households received rent relief when faced with financial distress

In 2022, Stoneweg US deployed over $55,000 in rent relief funds to residents in need, resulting in 38 households being able to pay their rent. For many, especially those in affordable or workforce housing, rent relief can be the difference between remaining in their home and becoming unhoused.