Tuesday, July 10, 2007

Welcome World- Who Are We?

Having tracked a fair number of new visitors to our blog we thought that it would help if people knew who we are, and what we do right away. Fair Finance Consortium is a collaboration of 11 CDFIs located in the West Midlands (Part of the UK). The members are small business (Not for Profit) who offer loan to either businesses or individuals who are or would be unable to gain financial support from their bank or other traditional financial organisation. For business, our products are designed to appeal to Startup, Micro Businesses and SMEs, loans range from (£1,000 up to £50,000). As a final note CDFIs are also designed to regenerate parts of the region where opportunity and investment is more difficult to obtain and to assist specific types of businesses in particular the social enterprise. The individual element of their lending is the provision of small personal loans at fair and reasonable interest rates for people who are unable to access affordable finance from their bank or who may borrow money from door step lenders or unlicensed credit brokers.

There is a lot more skills our members supply to the regional business communities these include professional business support, while working with long term banking partners. The individual organisations are operated by professional with high levels of financial management experience who’s voluntary Board members range from Corporate Lawyers, Barristers, Directors of Banking institutions and CEO of International Insurance Groups, Senior IT and Accountancy professionals.

We all strive to provide the best possible service to our potential clients, awareness and promotion is paramount to the growth of our unique sector, so regardless of where you reside it is highly likely that there is a similar type of organisation in your part of the world if not then you should be asking your local government rep "Can we have one of these CDFI thingy ma jigs down our street"

Spread the Word, Thanks.

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