Summer 2015 Newsletter
Welcome to the summer newsletter which is reporting on activity since January.
Incorporated in July 2013, Purple Shoots is now two years old. It was able to start lending at the end of October 2013 when it got its Consumer Credit Licence. Only one loan was completed before the end of the year so all the activity has been in 2014 and 2015 and loan numbers have been growing steadily month by month.
Purple Shoots was set up as a not-for-profit microfinance institution which means it seeks to provide small loans to individuals trying to start or run a small business who...