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Severely indebted people need the human touch

Rebuilding people’s credit ratings is not easy with bank lending at a standstill and unemployment rising, Read the rest by Faisel Rahman of Fair Finance in The Guardian

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Fair Finance MD speaking at The Big Rethink

Economist Conference March 3rd on how he set up @fairfinance <>  innovation <

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A debt advice levy on the finance industry is needed now more than ever

Debt advice saves lenders money, so it makes social and business sense for them to contribute to funding it. Read the rest by Faisel Rahman of Fair Finance in The Guardian

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Microcredit: Borrowing freely

What’s gone wrong with microcredit? asked Brian Keeley on this blog last month, in response to the growing furore in India and Bangladesh surrounding the activities of micro finance institution. Muhammad Yunus and the Grameen Bank are under attack from politicians in Bangladesh. In turn, Professor Yunus has become more vocal in his criticism of […]

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Choosing a high-interest loan is a price worth paying

As government support for financial inclusion is due to end in April, campaigners, politicians and practitioners have been examining how to stop or replace high-cost credit. Read the rest by Faisel Rahman of Fair Finance in The Guardian

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High-cost lenders are cashing in on spending review cuts

The spending review did nothing to protect public sector workers facing redundancy from high-cost lenders, who spot a business opportunity Read the rest by Faisel Rahaman of Fair Finance in The Guardian

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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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