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Devin D. Thorpe
Devin Thorpe

This Genius Solution To PayDay Lending Deserves Your Attention

Many people living paycheck to paycheck fall into a financial tailspin for lack of $500 or $1,000. A desperately needed but unanticipated car repair is enough to start a family on a collision course with financial ruin.

PayDay loans are so expensive that customers often end up simply revolving the balance for months, paying weekly or bi-weekly fees to renew the loan and over the course of a year end up paying multiples of the original loan principal–sometimes without ever paying off the loan.

Ennie Lim at HoneyBee developed an alternative. Let people borrow against their accrued paid time off–PTO. This virtually eliminates the risk for the lender and allows the loan to be made for a single 5 percent origination fee.

Interview with Ennie Lim, the President of HoneyBee.

The following is the pre-interview with Ennie Lim. Be sure to watch the recorded interview above.

What is the problem you solve and how do you solve it?

7 out of 10 employees live paycheck to paycheck.
56 million Americans have no emergency savings.
75 million Americans have subprime or no credit.
20-25% of employees take 401K loans to help cover for emergency expense

What is the solution?

We allow your employees to borrow with paid time off and vacation days to get an extra week’s pay anytime, with no monthly interest, regardless of credit history, resulting in extra funds for your employees when they need it most.

Since PTO is an existing asset that belongs to your employees, this creates a unique win-win solution for your company and the employees you value.

More about HoneyBee:

Twitter: @MeetHoneyBee



HoneyBee is the provider of the HoneyBee PTO Loan℠. We allow employees with paid and vacation to get an extra week’s pay anytime, with no monthly interest, regardless of credit history.

For-profit/Nonprofit: Certified Benefit Corporation

Revenue model: 5% flat fee (max $50)

Scale: Partnered with over 30 companies since we launched the program in Q4 2017

Ennie Lim
Photo Credit: Photographer: Duy Ho Hair/Makeup: Urban Beauty Loft

Ennie Lim’s bio:

Twitter: @ennielim


Instagram: @ennielim

Ennie Lim is the President and co-founder of HoneyBee, a San Francisco based Certified Benefit Corporation® with the mission to provide affordable credit alternative and protect millions of working Americans from predatory lenders. Prior to HoneyBee, Ennie was the founder of an environmental impact company that benefited underserved children and a Board Member of an early childhood literacy non-profit based in Silicon Valley. Ennie graduated from McGill University and she’s passionate about building businesses for a better tomorrow and believes all of us has the potential to become powerful change makers.

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Devin is a journalist, author and corporate social responsibility speaker who calls himself a champion of social good. With a goal to help solve some of the world’s biggest problems by 2045, he focuses on telling the stories of those who are leading the way! Learn more at!

Never miss another interview! Join Devin here!
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