Fair Finance opens a branch in the Elephant and Castle shopping centre, expanding to South London for the first time.
Recognition from the Queen
Fair Finance’s founder Faisel Rahman is awarded an OBE for services to Community Finance. You can read more about it here.
Fair Business Loans makes its first loan
Yohaan Property Maintenance, a local business providing provides gas and plumbing maintenance to 3 local housing associations. We refinanced him out of a high-cost short term loan to assist his cash flow saving him £1,000 in interest. He has since repaid the loan and been able to access mainstream finance For more information, have a look at our case study.
Fair Finance wins Big Society Award
The Prime Minister awards Fair Finance a Big Society Award for its outstanding contribution to the community saying: Britain is in a global race and our small businesses and entrepreneurs are vital to helping us compete and succeed. I’m delighted to be recognising the boost Fair Finance provides with this Big Society Award.” More information can be found on gov.uk.
Visited by Mohammed Yunus
Nobel Peace Prize winner, founder of Grameen Bank and father of microfinance, Mohammed Yunus visits Fair Finance for the day. Have a read of our blog post here to see what the team at Fair Finance had to say after meeting Mohammed Yunus.
Fundraise for Fair Business Loans
£2m in social investment from individuals, foundations, commercial finance from UniCredit and the European Investment Fund allows Fair Finance to set up a dedicated business lending team and create Fair Business Loans. More details can be found here.
Invited to give evidence at the Public Accounts Committee
Fair Finance is invited to the Public Accounts Committee to give evidence on the effectiveness of Consumer Credit regulations alongside WONGA and Provident Financial. Our testimony evidence and contribute directly to the improving regulations of the payday lending sector. You can read more about it here.
Lending milestone
Fair Finance makes its 5,000th loan, and opens a fourth branch in Thamesmead, its first in South East London. Fair Finance establishes a key partnership with local community partner Thamesmead Trust to deliver services to some of the most financially excluded residents in London. Click here to see what they’ve said about us.
Fair Money Advice launched
Fair Finance launches a dedicated charity to manage its work on debt advice and money management with over-indebted clients. The innovative model works with Housing Associations to prove the business case for funding debt advice.
Fair Finance is nominated to Chair EMN
Fair Finance is elected to the Presidency of the European Microfinance Network, the European wide membership body representing microfinance across the region. Fair Finance is involved in shaping European policy, funding structures and supporting the growth of microfinance across Europe. You can find out more about the EMN here.
