Guests turned out in force to celebrate the work of a pioneering social enterprise offering an ethical alternative to high-cost pay-day lenders.
Street UK, a Community Interest Company that operates on a not-for-profit basis, has now launched an online lending platform that will save customers hundreds of pounds. It already offers low cost loans to people unable to access credit, approving more than 31,000 loans, totalling more than £15million, over the last 16 years. But the launch of its new online facility marks a new era. An official launch ceremony was held at the Church of St Martin in the Bullring, Birmingham.
Martin Hockly, CEO of Street UK, said: “It is important for Street UK to make an even greater impact and so we have decided to bring our expertise to the online market.”
Guests included the Lord Mayor of Birmingham Coun Ray Hassall, partners and funders of Street UK, as well as a variety of its customers.