Fair for You CIC

New research out today shows that regulation of Buy Now, Pay Later (BNPL) might mean 1 in 4 customers lose access. Our CEO reacts in The Sun: “It’s clear that regulation of BNPL is needed... but I worry that the new rules may cause more harm than good.” www.thesun.co.uk/money/381262...

Many of our customers access benefits; it's the only way of getting by. But we frequently hear from them that the benefits system is hard to navigate and makes them feel stigmatised. Our CEO was pleased to attend the launch of 'From stigma to support', an important new report by Turn2us. (1/2)

HM Treasury has published a new Financial Inclusion Strategy. While Fair for You and the Fair Credit Charity welcome the new strategy, we are concerned that it risks overlooking the role of CDFIs. (1/3) #FinancialInclusion

Our CEO Simon Dukes says: "With millions of adults seeking credit, yet being declined despite affordability, we urge the Government to establish a national fund to leverage public, private, and social investment at the scale required to achieve genuine financial inclusion." (2/3)

🎯 What's better than hitting a target? 🗓️ Doing so several weeks before deadline. We're delighted that our bond offer on Ethex has now exceeded its £500,000 target by 27%, with almost two months left to run. The bond will remain open, meaning that more investors can take advantage of this... (1/2)

🔟 10 years 💷 100,000 customers 💜 £797m in social value Three numbers of which we are very proud. As today's new report from @responsiblecred.bsky.social shows, we've proven that it is possible to lend sustainably to financially-excluded customers, creating social impact in the process.

Today, we want to say 'thank you' to Alan and 177* others. Alan - we're not using his full name, he's not in it for the recognition - began his career in the investment industry. More recently, he has focused on not-for-profit and philanthropy projects. (*and counting!)

Alan adds: "I'm providing matched funds as I'm keen to encourage others to join the fundraising. I really like the Scotland-focused, place-based approach of this round, as the impact of each pound invested is so tangible."

Today, we want to say 'thank you' to Alan and 177* others. Alan - we're not using his full name, he's not in it for the recognition - began his career in the investment industry. More recently, he has focused on not-for-profit and philanthropy projects. (*and counting!)

This has ranged from small, local community projects through to larger, impact-focused institutional investments. He's also one of the 178 investors so far to put his money into our latest bond offer on Ethex.

Fair for You and the Fair Credit Charity today say a fond farewell to @tomlevitt.bsky.social, who has played an important leadership role in these two organisations since we were set up in 2015 - and has been the charity's chair since day one. (1/5)

Farewell, Tom - it's been quite the journey! Simon Dukes, chief executive of Fair for You and the Fair Credit Charity, says: “Tom Levitt is truly a pioneer of affordable credit and financial inclusion. We bid him farewell with very best wishes, and huge gratitude.” (4/5)

Fair for You and the Fair Credit Charity today say a fond farewell to @tomlevitt.bsky.social, who has played an important leadership role in these two organisations since we were set up in 2015 - and has been the charity's chair since day one. (1/5)

Tom first became involved in 2013, helping to ensure that we were created with an asset-locked, social enterprise structure - Fair for You is owned by a charity now known as the Fair Credit Charity, which oversees its work. (2/5)

We’re delighted to announce that Currys is the latest major retailer to partner with Fair for You. Our customers can now spend their Fair for You Shopping Card loan online at currys.co.uk, or in the electronics retailer’s nearly 300 UK stores. (1/2)

🦋 Often known as the 'butterfly effect', small things can lead to big changes. Our loans of £25-£350 can make a huge difference to peoples' lives... ...and now you can invest in us from just £50 through our new bond on @ethexuk.bsky.social - helping us to support even more customers.

Who doesn't love a good sequel? Fair for You is delighted to launch its second bond offer on the ethical investment platform Ethex today. This new bond gives ethically-minded investors the chance to earn a potential tax-free 8% return, while helping combat financial exclusion. #FinancialInclusion

In our humble opinion, Artificial Intelligence is flawless here! We've noticed that there's a new AI-generated review summary on Trustpilot. Here's what it says about the 18,500 reviews (with an excellent overall rating) that we've had on the platform... #FinancialInclusion

We are delighted to welcome Kumaran Adithyan as our latest board member. Kumaran is General Manager, Global Electronics and Home eBay, and previously worked at Walgreens Boots Alliance, and Oliver Wyman. His expertise and experience make him an invaluable addition to the board of Fair for You.