12th March 2022: BBC Radio 4’s Money Box programme covered community lenders and their impact, including an interview with Responsible Finance CEO, Theodora Hadjimichael.
Presenter Paul Lewis quizzed Theodora about how community finance firms are different from other finance providers and the news that two of our members have helped low-income households identify millions in benefits they are due, but were not claiming.
The episode also included an interview with Jason, a Salad Money customer.
The segment is from 9:48 – 15:18. Listen here.
What next?
- Personal-lending Community Development Finance Institutions helped 31,000 people save £11 million in interest recently. Read our “Building a Better Future” report.
- Twelve thousand lower-income households can claim more than £60 million pounds in benefits they are due every year thanks to sleuthing by two of our members and a financial technology firm. Many people are missing out on £400 to £500 per month, with almost eight out of ten people on low-incomes not claiming the full amount they could, because they are unaware of the benefits they are entitled to, or assume they are not eligible.
- Media / journalists: Responsible Finance, our members and clients have featured in TV, radio, national and regional newspapers, magazines, online and in podcasts. We were able to connect a CDFI customer with the BBC’s journalist for this programme.
- We can offer interviews, comment and case studies about access to finance / affordable credit / financial inclusion / debt, relating to businesses, social enterprises and people. Please contact [email protected] // 07904 272 200 to request interviews and case studies.