Malcolm Brown – Director of Mission and Public Affairs for the Church of England, examines the church’s support for credit unions and views on the financial sector.
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News
The credit union payday loan
A new report has found that a credit union payday loan product could break even in the long-term and has proved very popular. London Mutual Credit Union has piloted the use of a payday loan product, funded through the Barclays Community Finance Fund and Friends Provident Foundation. Continue reading
The Guardian: Community Development Finance Initiatives: how do they work?
Claudia Cahalane’s feature in The Guardian today explains how CDFIs build local communities through access to affordable, responsible credit for small business, charities and social enterprises. It includes our member Key Fund and data about the… Continue reading
Investing in community finance would help church put Wonga out of business
CDFIs have a business model that is specifically designed to deliver financial and social returns. They are well placed to offer the ‘win-win’ the Church is looking for in terms of financial returns with a clear conscience. Continue reading
CDFA welcomes church plans to put Wonga out of business
The Church of England plans to force payday lender out of business – by competing against it. CDFIs and credit unions provide the solution. Continue reading
Bank lending disclosure is good news for poor communities
Local lenders are celebrating a breakthrough in their campaign for fair access to finance across the UK, following the government’s announcement that banks will publish lending data from January. Continue reading
Money, mentoring and mission
A fitness fanatic achieves his business dream thanks to a Start-Up Loan Continue reading
UK social investment market grows to £202m
The UK social investment market has grown according to a new report that tracked intermedaries to 2012.
Spending Review: Government should invest more in CDFIs
Government can make scarce resources go further through investing in CDFIs Continue reading
CDFA welcomes Commission on Banking Standards report
New independent report highlights the the importance of CDFIs Continue reading