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Putting Putting "service" back into Financial Services
30/01/2016
I recently attended  a meeting of the Financial Inclusion Forum in Canary Wharf in London. It’s a few years since I was there and quite a few more since I was a regular worker in London’s financial hub. The contrast between walking through the sumptuous and glittering precincts and walkways of this in many ways beautiful part of London and my usual haunts in the narrow streets of the Welsh Valleys could not have been starker. When I think about it, I am not surprised that often the institutions represented in Canary Wharf struggle to understand the lives of the...
2016 Winter Newsletter 2016 Winter Newsletter
27/01/2016
Welcome to the Winter newsletter which is reporting on activity since July 2015 – another very busy period with lots to tell. Purple Shoots was set up as a not-for-profit microfinance institution which means it provides small loans to individuals trying to start or run a small business who cannot get funding from anywhere else – the aim is to encourage economic development in the most disadvantaged areas of Wales through enabling people struggling with unemployment to set up their own business. In addition to the individual loans, Purple Shoots is also helping people further away from self-employment through self-reliant groups-...
Why I do it - a personal note Why I do it - a personal note
14/01/2016
  Although there are many economic, social and moral reasons for running a microfinance organisation specifically for unemployed people, people from disadvantaged or financially excluded groups and people at the poorer end of society, this Blog is more personal and sets out the reasons behind why I started Purple Shoots and what motivates me to get out of bed and launch into another day of work.   Whilst Purple Shoots is wide open to helping people of all races, culture and systems of belief, the fact is that I am a Christian and my primary reason for establishing Purple Shoots was based on...
Why Self-employment - some thoughts based on the Purple Shots experience so far Why Self-employment - some thoughts based on the Purple Shots experience so far
13/01/2016
There was an article in the Welsh press recently reporting a decline in the number of business start-ups throughout the UK. There were two possible reasons suggested for this. The first, by Lloyds Bank was that it was a result of a decline in the economy and the second, by Professor Dylan Jones-Evans was that it reflected an upturn in the economy since people are driven to self-employment when there are no alternatives. Whilst there is probably truth in both these positions, they do not reflect the complexity behind decisions to become self-employed and so I thought I would contribute some...
Why Self-employment - some thoughts based on the Purple Shots experience so far Why Self-employment - some thoughts based on the Purple Shots experience so far
13/01/2016
There was an article in the Welsh press recently reporting a decline in the number of new businesses during 2016  and two possible reasons for this were suggested, One, by Lloyds Bank, proposed that the decline reflected a loss of confidence in the economy and the other, by Professor Dylan Jones-Evans was that it might reflect an upturn in the economy since people went into self-employment when there were no or few opportunities for paid employment, so that a decline in new businesses meant that there were more employment opportunities and therefore the economy was on the up. Although there is...

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