More outrage in the national press about Wonga’s entry into the business loans market. but throughout this coverage, journalists have failed to point out that ethical alternatives such as community finance providers do exist.
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Front Page News, Just Finance Blog
Outraged journalists: community finance myopia will fuel Wonga’s profits
Front Page News, Just Finance Blog, News
Now Wonga wants business’ blood sweat and tears
Ben Hughes, chief executive of the Community Development Finance Association today said news that high-cost lender Wonga is starting to offer loans to businesses confirms CDFA analysis of how large the gap in mainstream finance is – and shows that the Government needs to plough more support into community finance.
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Front Page News, Just Finance Blog
Give it back, George: CITR needs to be extended, not capped
Community Investment Tax Relief should be extended, not capped. CDFA says including CITR in the tax relief cap will suppress social investment and voices its support for the Give it Back, George campaign.
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Front Page News, News
From cdfi to sifi: is Big Society Capital the answer?
05.04.2012 CDFA chief welcomes Big Society Capital launch “Starved” CDFIs will welcome new capital availability We’ve written before about how CDFIs could support many more social enterprises and businesses if they weren’t so starved of cash. With a track record of over 10 years of successful lending to social enterprises, to businesses (especially micro enterprises [...]
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News
BCC say results encouraging but access to finance a real problem for many firms
John Longworth, director general of the BCC (British Chambers of Commerce) today called for more action on access to finance for business as the BCC published its latest Quarterly Economic Survey.
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Just Finance Blog
We need full disclosure to fully understand unmet need for finance
Ben Hughes, CDFA’s chief executive, today reacted positively to a new Private Member’s Bill calling for greater disclosure in the banking system. 370,000 businesses, 3,300 social enterprises and 3 million individuals face ‘financial exclusion’. To serve them, we have to know who they are and where they are.
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Just Finance Blog
Football fans want Wonga ads removed from club websites
Fans of 18 football clubs have written a joint letter to the Guardian asking their sides to stop carrying advertisements from high-interest lender Wonga.
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Front Page News, News
A budget for business? Not if you’re a microenterprise
For Small and Medium Enterprises (SMEs), the Chancellor’s ‘budget for business’ provides hope in the form of the Business Finance Partnership, the National Loan Guarantee Scheme, and an expansion of the Enterprise Finance Guarantee.
These initiatives will make a positive difference to larger and more established SMEs. But what of smaller and start-up businesses?
Just Finance Blog, News
As report ignores community finance, CDFA says Chancellor must act
CDFA today expressed disappointment at the lack of acknowledgement of community finance in a new report about widening business access to new and alternative sources of finance
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News
CDFA Strategic plan published
This strategy lays out how we plan to achieve our five-year vision, and what we will do by 2017
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