The animation explains how millions of families and businesses cannot access fair and affordable financial services in the UK – putting families at the mercy of high cost lenders, and hampering many businesses from growing or creating new jobs.
But special types of lenders, called responsible finance providers, specialise in meeting the needs of low income families and small businesses. In 2015 they lent £251m to 57,800 customers, creating 10,000 new businesses and supporting 25000 new jobs. By working to fill the gaps in mainstream lenders’ provision they can support even more customers.
For more on this story visit : Animation shows how Data Disclosure can Unlock Access to Finance
Source: Responsible Finance