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Citi Supports Fair Lending in the UK

Citi’s commitment to boosting communities in need includes bringing microfinance lending to communities in need — even in developed countries. It’s been working with grassroots organizations including Fair Finance, a London-based social enterprise founded by Faisel Rahman, a former World Bank staffer. The goal of the partnership: support fair lending and financial services for local […]

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Leading social lender faces eviction from deprived borough

Thousands of people in the deprived borough of Tower Hamlets could be forced into the hands of loan sharks if the council’s eviction of a successful social lender goes ahead. Read more by Gemma Hampson

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How can we encourage poor people to save?

In the US banks and communities work together to promote saving. Why can’t the UK follow suit, asks Faisel Rahman. Read the rest by Faisel Rahman of Fair Finance in The Guardian

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Microfinance sees demand leap

Small business owners in the UK are turning to microfinance, a system of credit more readily associated with helping people in developing countries escape poverty, as a result of high street banks continuing to refuse loan applications. Read more By Jonathan Moules, enterprise correspondent

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Alternatives to payday lending need banks’ support

While banks charges remain punitive and non-profit alternatives small scale, there are few viable alternatives to payday lenders, Read the rest by Faisel Rahman of Fair Finance in The Guardian

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