History

Fair Personal Loans signs a ?1m that is new with wholesale loan provider Shawbrook bank, allowing the company to carry on growing.

Fair Finance in a position to issue stocks

Because of a modification of legislation and our rules, Fair Finance has the capacity to issue interest bearing stocks when it comes to very first time.

FPL goes national

Fair signature loans starts a completely online solution first for current customers then available nationwide.

FCA authorisation

Fair Finance receives FCA authorisation for its company and private financing organizations. Extra information can here be found.

Metro Partnership

Fair Finance establishes a partnership with Metro Bank to simply help their customers in monetary trouble with advice, help and an alternate to cost that is high.

Development money for Fair Signature Loans

Because of huge need, over ?1m is raised to greatly help carry on growing Fair signature loans.

Fair Loans goes nationwide

Fair loans launches an online application that permits organizations from all over the united states to try to get that loan.

Lending milestone #2

Fair Business Loans has made over ?1m in loans to smaller businesses assisting 100 business owners create over 300 jobs.

10 12 months anniversary

Fair Finance celebrates ten years having assisted 30,000 economically excluded residents across London. Lending over ?17m in 15,000 loans, aided 6,000 residents avoid eviction and assisted to develop 200 small enterprises.

Wins Alternative Lender associated with award year

Fair Finance wins the Alternative Lender associated with 12 months Award at the Credit Today Award. With judges saying: “proving it is possible to give you an ethical yet product that is commercially viable financially disadvantaged people”. Additional information can here be found.

5th branch starts to your public

Fair Finance opens a branch when you look at the Elephant and Castle shopping centre, expanding to Southern London for the very first time.

Recognition through the Queen

Fair Finance’s founder Faisel Rahman is awarded an OBE for solutions to Community Finance. It is possible to read more about any of it right here.

Fair Business Loans makes its very very first loan

Yohaan Property repair, a business that is local provides gasoline and plumbing work upkeep to 3 neighborhood housing associations. We refinanced him away from a high-cost term that is short to help their cashflow saving him ?1,000 in interest. He has because repaid the mortgage and been able to get into main-stream finance

To find out more, take a good look at our research study.

Fair Finance wins Big Community Award

The Prime Minister awards Fair Finance a large Society Award because of its outstanding share towards the community saying: Britain is with in a race that is global our small enterprises and business owners are crucial to assisting us compete and be successful. I’m delighted to be recognising the boost Fair Finance provides using this Big Society Award. ”

Additional information are available on gov.uk.

Visited by Mohammed Yunus

Nobel Peace Prize champion, founder of Grameen Bank and daddy of microfinance, Mohammed Yunus visits Fair Finance during the day.

Have actually a browse of y our post right right here to see just what the group at Fair Finance needed to state after fulfilling Mohammed Yunus.

Fundraise for Fair Loans

?2m in social investment from people, foundations, commercial finance from UniCredit therefore the European Investment Fund permits Fair Finance to create up a separate company financing team and produce Fair Business Loans.

Additional information can here be found.

Invited to give ev

Fair Finance is invited into the Public Accounts Committee to provide proof in the effectiveness of credit rating laws alongside WONGA and Provident Financial. Our testimony proof and add straight to the enhancing laws of this lending sector that is payday. You’ll find out more about any of it right right here.

Lending milestone

Fair Finance makes its 5,000th loan, and starts a 4th branch in Thamesmead, its very very first in Southern East London. Fair Finance establishes an integral partnership with neighborhood partner Thamesmead Trust to supply solutions with a of the very most economically excluded residents in London.

Follow this link to see just what they’ve stated about us.

Fair Cash Guidance launched

Fair Finance launches a passionate charity to control its focus on debt money and advice administration with over-indebted consumers. The revolutionary model works with Housing Associations to show the business enterprise instance for funding financial obligation advice.

Fair Finance is selected to Chair EMN

Fair Finance is elected towards the Presidency associated with the European Microfinance Network, the European wide membership human anatomy representing microfinance over the area. Fair Finance is associated with shaping policy that is european funding structures and giving support to the development of microfinance across European countries. You’ll find out more concerning the EMN here.

Fair Finance raises investment to cultivate

Fair Finance raises ?3m of social investment and crucially that is( commercial finance for the private Lending business. This is the first-time a deal such as this is finished in great britain microfinance market. Supporters consist of Santander, BNP Paribas, Societe Generale, Nesta, Panahpur in addition to Ashoka Help system.

Fair Finance creator recognised by the global World Economic Forum

The entire world Economic Forum recognises Faisel Rahman as being a Young worldwide Leader for his work with producing Fair Finance and reducing monetary exclusion in great britain.

Regular profile in nationwide news

Fair Finance’s CEO is invited to become a adding columnist on the problems of monetary payday loans near me exclusion. The articles brought to attention of the general public the practices of the industry, the stories of the high cost credit users and alternatives to the payday and doorstep sector for the next three years. The articles are cited by politicians, policy manufacturers additionally the banking help and industry to push modification.

Lending milestone

Fair Finance makes its loan that is 1,000th and now assisted over 2000 individuals with monetary ability advice. Customers are benefitting from across East London: Tower Hamlets, Hackney, Newham and Waltham Forest.

Scaling of lending and advice

Fair Finance’s financial obligation advice team win backing of this Government’s Financial Inclusion Fund while increasing group to serve each of East London.

Fair Finance starts its 2nd workplace in Dalston, Hackney.

Fair Finance founder awarded Ashoka Fellowship

Ashoka, the worldwide community for social entrepreneurs awards certainly one of its very very first UK Fellowships to Faisel Rahman in recognition of this system changing potential of Fair Finance to cut back economic exclusion in the united kingdom.

Credit Agency reporting starts

Fair Finance becomes among the very first community finance organisations in the united states to begin upgrading customer re re re payment histories to Experian. It will help to enhance their fico scores and in the end access conventional finance.

Fair Finance pioneers Lending Disclosure

Fair Finance becomes 1st organisation that is financial the united kingdom to commit to transparency by marketing general public Lending Disclosure. Initially in yearly reports after which on the web, Fair Finance posts loan maps with information on where it is lent additionally the demographics of its customer by race and gender.

Fair Finance provides consumers usage of bank records

Together with RBS and Barclays, Fair Finance assists unbanked consumers into the main-stream by starting reports within their branches.

RBS help

RBS makes the bank that is first (?20,000) to Fair Finance.

First Branch opened

A partnership of social, general general public, commercial and charitable funders get together to straight straight back the opening of Fair Finance’s branch that is first a council estate in Stepney.

Formal launch of Fair Finance

Fair Finance launches during the Museum of Docklands

Keynote speakers consist of Anna Bradley for the FSA and Sir Brian Pomory, seat of this Financial Inclusion Taskforce: “Greater access to affordable credit is a must in tackling exclusion that is financial. Without access to mainstream economic solutions, families could become locked into a period of poverty and exclusion and tend to be frequently obligated to seek out high expense if not unlawful loan providers, which could play a role in spiralling financial obligation. Organisations such as for instance Fair Finance are very important in aiding to make sure that the essential vulnerable in society have the ability to assume control of the very own funds. ” (Brian Pomeroy, Seat, Financial Inclusion Task Force).

Enrollment using the FSA

Fair Finance submits its enrollment using the FSA as a commercial & Provident community; signing the very first ever pair of customer defenses and a residential area loan provider because of the regulator.