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The Case for Microfinance in the UK

Posted on 3rd December 2020 | Uncategorized
Microfinance is a third world term. It began there, in Bangladesh, and became spectacularly successful as a means of breaking cycles of poverty and debt in poor communities and enabling people to build their own futures, rather than remain dependent on predatory lenders or well-meaning programmes of help. In the UK …

Cardiff Christmas Market

Posted on 17th November 2020 | Uncategorized
Quite unbelievably given the circumstances this time around, Cardiff Christmas Market was not cancelled. Cardiff and Wales should probably get more accolades for preserving this great Christmas tradition in spite of everything. This makes us possibly almost unique in Europe in having our Christmas market as normal. The atmosphere in …

September 2020 Newsletter

Posted on 8th September 2020 | Company News
Dear Friends and Supporters Since the last newsletter, we have all been coping with the impact of Covid-19 and the fall out of the lockdown. Perhaps the first thing to say is that Purple Shoots and most of its borrowers and groups have all survived! With the advent of lockdown, …

Our Wider Impact – some evidence

Posted on 29th July 2020 | Finance Tips
I know anecdotally that our lending has a much wider impact than just the economic one which arises from creating a new business and getting someone out of the benefits system (using a recognized economic impact tool, the impact is ten times the funds we lend). For example we know …