Community lenders competing with high cost credit – webinar

The community lending sector has been given the brief to scale-up to serve as an alternative to high cost credit for 9 million consumers.
CDFIs (community development finance institutions) are non-profit social enterprises offering affordable credit to people excluded from mainstream providers. They serve around 35,000 personal customers per year, so they can meet just a fraction of the need for affordable credit.

What is the path to scale for the sector that makes it a viable alternative? Drawing from lessons across the consumer credit market this panel discussion (with Q&A) explored the role of affordable credit and its scale up journey.
Chaired by Simon Read (Money Journalist and Broadcaster), speakers are:
• Faisel Rahman OBE (Managing Director, Fair Finance)
• Sacha Romanovitch OBE (CEO, Fair4All Finance)
• Alice Tapper (Founder and Author of Go Fund Yourself)

• Jason Wassell (Chief Executive, Consumer Credit Trade Association)
The session was introduced by Theodora Hadjimichael, CEO of Responsible Finance.
It took place on 17 May 2021, part of #10xRF.