Do we want to live in places full of thriving businesses and social enterprises, and where people don't get trapped by exploitative lenders and loan sharks? Sounds good to me.
Eleanor Russell is policy and programmes lead at Responsible Finance, which represents the UK's social purpose lenders (community development finance institutions, CDFIs). Their work has been covered extensively by media including the Guardian, Financial Times, BBC, Mail Online and elsewhere.
I work with Responsible Finance and invited Eleanor on to discuss new figures about the social, economic and environmental impact unlocked by CDFIs, through increasing access to finance for people, businesses and social enterprises otherwise excluded from finance for a variety of reasons.
This £248m sector worked with nearly 95,000 customers in 2022 – a 22% leap on the year before – creating and supporting thousands of businesses and jobs, and helping households avoid millions in interest compared with higher-cost lenders. Eleanor gives us more details.
Also in this episode:
Timings:
Do we want to live in places full of thriving businesses and social enterprises, and where people don't get trapped by exploitative lenders and loan sharks? Sounds good to me.
Eleanor Russell is policy and programmes lead at Responsible Finance, which represents the UK's social purpose lenders (community development finance institutions, CDFIs). Their work has been covered extensively by media including the Guardian, Financial Times, BBC, Mail Online and elsewhere.
I work with Responsible Finance and invited Eleanor on to discuss new figures about the social, economic and environmental impact unlocked by CDFIs, through increasing access to finance for people, businesses and social enterprises otherwise excluded from finance for a variety of reasons.
This £248m sector worked with nearly 95,000 customers in 2022 – a 22% leap on the year before – creating and supporting thousands of businesses and jobs, and helping households avoid millions in interest compared with higher-cost lenders. Eleanor gives us more details.
Also in this episode:
Timings: