Case Study: Fiesta Holdings reduces payday loan reliance with Rain

Combating Employee Payday Loans With Rain

Fiesta Holdings, a multi-unit Taco Bell franchisee with over 700 employees, faced a significant challenge with payday lenders trapping its workforce in cycles of debt. This issue was impacting employee financial stability, increasing stress, and leading to higher turnover. To combat this, the company partnered with vendor Rain to implement its Earned Wage Access (EWA) service as a beneficial alternative for its staff.

By offering Rain's platform, employees gained immediate access to their earned wages, providing a safe alternative to predatory loans. The solution was implemented with minimal operational burden thanks to Rain's dedicated support. The results were substantial: 73% of employees activated Rain accounts, users experienced a 96% lower turnover rate, and they worked over 40 more hours per month, demonstrating a major positive impact on both employee well-being and business performance.

Fiesta Holdings

Jeff Stone

Director