19 December 2022: Financial Times banking and fintech correspondent Siddharth (Sid) Venkataramakrishnan’s latest piece (published in the FT Future of Money newsletter and online) says: “The not-for-profit world of CDFIs does not have the same rock… Continue reading
Category: News
Energy, commitment, impact and opportunity – Member Day 2022 Report
Our members’ work has never been more needed by people, businesses and social enterprises, so we were delighted with the turn-out and content of our 2022 Member Day in Bristol. More than 100 CDFI leaders and… Continue reading
Salad Money and Fair4All Finance agree £2m package to grow alternatives to high cost lending for NHS and public sector workers
Salad Money, a social enterprise and Responsible Finance member, has agreed a new £2m facility with not-for-profit financial inclusion organisation Fair4All Finance. The deal will help meet increasing demand from NHS and public sector workers who might otherwise turn to unaffordable payday loans or even loan sharks. Continue reading
2022 Member Day – Workshops and Speakers
Our 2022 Member Day is for everyone working in community development finance to learn, share best practice, and find new ways to boost access to finance for people, businesses and social enterprises. It has been designed… Continue reading
Fair Finance and Fair4All Finance agree £3.3m social investment deal to tackle financial exclusion across the UK
Responsible Finance member, Fair Finance and Fair4All Finance have agreed a package of social investment to increase the supply of affordable credit across the UK and help tackle financial exclusion. Continue reading
Recovery Loan Scheme successor announced
The Government announced today (20 July 2022) that there will be a successor scheme to the Recovery Loan Scheme, which will open for applications in August 2022. Responsible Finance has been calling for confirmation of a… Continue reading
Responsible finance changes lives – 2022 Impact Report
Our 2022 Impact Report gives a comprehensive insight into CDFIs’ work and the unique effects of fair, affordable finance from our members in 2021. The businesses, social enterprises and jobs we created and grew. The millions of pounds we helped households save in interest. The inequalities we fought.
It covers our purpose-driven members’ social, environmental and economic impacts, and maps how this work contributes to the UN Sustainable Development Goals (UN SDGs), today, all over the UK. Continue reading
The Financial Times: Banks and Government should support community finance
Financial Times consumer editor Claer Barrett’s comprehensive article, published in FT Weekend and online, says millions of people are vulnerable to loan sharks and calls on banks to get behind community lenders. Continue reading
The FT: Scale-up CDFIs to fill Provident gap
31 March 2022: An FT article about Provident Financial, which closed its doorstep lending division last year after receiving thousands of customer complaints and being investigated by the Financial Conduct Authority (FCA) for selling unaffordable loans,… Continue reading
BBC Money Box: Theodora Hadjimichael interviewed on community lenders
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… Continue reading