Brokerage gives away $100,000

by Madison Utley26 May 2020

A Sydney-based mortgage brokerage committed to community service has passed the $100,000 mark in donations made to charities in the five years since its establishment in 2015.

The Loan Lounge was founded on the principle of giving back, but has upped its philanthropic work even more since the onset of the COVID-19 pandemic.

The Cabramatta brokerage donates 10% of its trail income each month to charities such as A21, which help survivors of human trafficking and slavery. The group also sponsors four children from Uganda, Thailand and the Philippines with the funds.

The children’s pictures have been put up on the office wall to serve as a reminder of what’s most important to the business. 

“We call this our freedom wall and we hope that over time, the entire wall will be filled with stories of freedom. The giving gives purpose to each day and impacts generations to come,” said Loan Lounge principal Nathaniel Truong.

One of the brokerage’s loftiest goals is to get to a place where it can sustainably give $1 million per year towards helping to abolish human trafficking.

“Our vision is to see a world where sustainable businesses are driven by helping people and making a difference,” said Truong.

The brokerage's principal is not only recognised for his charity and community work, but for his success as a mortgage broker. In 2017, Mortgage Professional Australia (MPA) magazine named him in their annual list of ‘Young Guns’.

To Truong, the charity work goes hand in hand with his duties as a mortgage broker, as both stem directly from a desire to help others and make a difference in people’s lives.