We’re proud to announce that our investees Fair For You, Moneyline and Five Lamps who are credit providers focused on financial inclusion, have all been selected for the Fair4All Finance Scale-Up Programme.
These three organisations, among five in total admitted to the programme, have been recognised for their demonstration of potential for scale, sustainable business models to serve those who are the most vulnerable throughout England and provision of best business practices to benefit the wider sector.
The pilot scale up programme saw 55 competitive submissions which is only a testament to the growth of a sustainable affordable credits market within the UK. The work is not yet done. As we continue to focus on investing in companies who not only tackle financial inclusion, but provide an example to the rest of the affordable credit sector, we look forward seeing our investees grow from strength to strength while we provide them with the tools they need to do so.
If you’d like more information on the credit providers we’ve invested in please read about them below:
Fair For You
Fair For You is a not for profit alternative to high cost credit, offering flexible, affordable and ethical loans for household items through their online high-street. Each customer can buy directly from Fair For You trusted suppliers by taking out a loan, and then pay later in flexible instalments. Fair For You allows all customers to pay what they can afford in instalments that suit their economic needs.
Moneyline is a credit provider who offers telephone and local branch loans up to £1500 which can be repaid between 3-8 months for first time customers. Their loans are based on what you can afford at the time of the loan and in the future, not what has happened with your credit history in the past.