Who are the Purple Shoots Borrowers?
I am often asked what sort of businesses receive investment from Purple Shoots so I have done an analysis of the first 100 borrowers below to give some idea. Categorizing is hard so note that:
Personal services includes: hairdressers, beauty therapists, personal trainers, a dentist, childcare, cleaning companies
Miscellaneous includes a theatre company, a company working with disabled children, a fisherman etc
Construction includes: builders, plumbers, carpenters, painters and decorators, gardeners, handymen etc
Training and IT include web-based businesses, computer repair companies, business services companies etc
Recycling includes scrap metal dealers, fridge repairs, second hand furniture, furniture repair, clothing recyclers
Of the total borrowers (100 individuals), 43 are women and 78 were unemployed until they took out the loan. Age range is very wide with no dominant age group – 24 are aged under 30. They are located throughout Wales, but the majority are in the South East, mainly the Valleys (67).