The basic account was introduced by banks almost a decade ago after coming under pressure from the Labour government to give financially excluded people access to banking services. It is a no-frills account without overdraft facilities that allows people to have their wages paid into a bank account and to set up direct debits to […]
Fair Finance MD talks about revolutionising personal finance at the TEDxEastEnd
TED talk – this is an organization that invites people with ideas who think they can change the world to give talks on what they do. Faisel was invited to speak about Fair Finance. The talk is now online and lasts about 16min:
Fair Finance featured in Philanthropy UK
Billed as a ‘game-changing’ moment in social impact investment, last month’s £3m plus deal structured by social lender Fair Finance will allow it to help 100,000 financially excluded Londoners over the next five years with low interest microloans. Read the rest by Mark Cheng
Planning for death could prevent a lot of debt
Wth the average cost of a funeral hitting £3,500 in London, people are getting themselves into needless debt just to see off a loved one, says Faisel Rahman. Read the rest by Faisel Rahman of Fair Finance in The Guardian
Managing Director of Fair Finance, Faisel Rahman, has a fairer way for low-income families to borrow money
The Canary Wharf offices of international law firm Clifford Chance are more used to playing host to the signing ceremonies of multi-billion pound mergers and capital raisings by Britain’s biggest companies. Read more By Harry Wilson of The Financial Times
Fair Finance signs first commercial microfinance deal in Western Europe
Fair Finance signs a £2m financing deal with Societe Generale, Santander and BNP Paribas Click here to read more.
How to do good
There’s no shame in making money from good causes: Josh Spero on the arrival of ‘impact investing’, a third way between soft philanthropy and hard-nosed profiteering Click here to read more
Severely indebted people need the human touch
Rebuilding people’s credit ratings is not easy with bank lending at a standstill and unemployment rising, Read the rest by Faisel Rahman of Fair Finance in The Guardian
Fair Finance MD speaking at The Big Rethink
Economist Conference March 3rd on how he set up @fairfinance <http://twitter.com/fairfinance> innovation <http://twitter.com/bigrethink
A debt advice levy on the finance industry is needed now more than ever
Debt advice saves lenders money, so it makes social and business sense for them to contribute to funding it. Read the rest by Faisel Rahman of Fair Finance in The Guardian
