The Industry in 2016 report
Responsible Finance is the membership body for UK based Community Development Finance Institutions(CDFIs). It has now published its 2016 report offering an overview of the key activities and outcomes of its members. Headline figures include £116 million of loans to social enterprises which in turn created or retained 5,600 jobs. The average loan size for social enterprises borrowing was £78,500. £103 million was lent to 9,200 micro businesses resulting in the creation of 9,600 new businesses and generating or retaining 14,900 jobs. Overall £242 million was lend to 47,500 customers by CDFIs across the UK.
CDFIs are social enterprises that provide finance to customers who are under-served by mainstream banks...Read the Report Here