Devastating stories in a new report from the Centre for Social Justice show how easily illegal lenders ensnare ordinary people. It finds nowhere is safe from loan sharks and estimates at least a million people are… Continue reading
News
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
Community finance finds £60m lifeline for low-income households
Thanks to impact-focused responsible lenders, lower-income households have millions of pounds in their pockets they wouldn’t otherwise, a lifeline with such huge increases in the cost of living coming and yet another example of CDFIs – community lenders – helping people build financial resilience. Continue reading
Like 2 million people around the world, I too have become hooked on the online word puzzle, Wordle…
Like 2 million people around the world, I too have become hooked on the online word puzzle, Wordle. It has become part of my morning routine as I make breakfast; and as a part-American living in… Continue reading
Fair By Design: The Government must intervene to help financially vulnerable people
Martin Coppack, Director, Fair By Design. Sherisha is a single mum to her 8-year-old daughter. Sherisha used to work full time as a social worker but has had to cut down to three days a week… Continue reading
Salad and Fair4All Finance finalists in Digital Leaders Impact Awards
We’re happy to see Salad Money and Fair4All Finance recognised for their work building financial inclusion and resilience. Both have been named finalists in the Financial Inclusion category of the 2022 Digital Leaders Impact Awards which… Continue reading
Regulator must be required to promote financial inclusion
Financial services regulators must take responsibility to address financial exclusion and should be required to promote financial inclusion, according to Responsible Finance and 36 other civil society organisations, charities and public interest groups. The organisations have… Continue reading
The i newspaper: people need alternative to loan sharks
The article highlights community development finance institutions and the need to scale up affordable credit. Continue reading
Responsible Finance responds to the Adebowale Commission on Social Investment’s report
Our member Community Development Finance Institutions (CDFIs) are social enterprises. This means they are familiar with the type of slow, organic growth described in the Adebowale Commission on Social Investment’s new report ‘Reclaiming the Future: Reforming… Continue reading
Purple Shoots seeks South Yorkshire’s hidden entrepreneurs
Responsible Finance member Purple Shoots is looking for “hidden entrepreneurs” in South Yorkshire as it expands after helping hundreds of people start small businesses in Wales. The not-for-profit micro-finance organisation tackles poverty, disadvantage, unemployment and social… Continue reading