Fair for You Enterprise CIC has secured a credit facility from Shawbrook, enhancing its ability to support financially vulnerable customers.
This funding, alongside a new facility from Fair4All Finance, doubles Fair for You’s capacity to help families in need.
Fair for You, founded in 2015, is a not-for-profit lender focused on providing affordable credit to underserved individuals.
The organisation works with retailers like Argos, Iceland, and Hotpoint to offer flexible finance options that cater to individual customer needs.
Oliver Atkins, associate director at Shawbrook, said: “With the cost-of-living crisis continuing to impact households across the UK, Fair for You’s mission to provide affordable credit has never been more vital.
“We’re proud to support an organisation making such a meaningful difference to individuals and families who need it most.”
Simon Dukes, CEO at Fair for You, said: “This funding from Shawbrook and Fair4All Finance is a crucial step forward in helping Fair for You extend its reach to even more customers who might otherwise struggle to access affordable credit.
“As rising costs continue to put pressure on household budgets, we remain committed to supporting such families by helping them avoid having to go without essential household items.
“The impact of Fair for You lending clearly demonstrates that affordable microcredit can bring people out of hardship, help them regain control of their finances, and improve their mental and physical wellbeing.
“Shawbrook’s understanding of the not-for-profit lending space together with Fair4All Finance’s commitment to the Fair for You mission will enable us to lend to even more customers and scale further our social impact.”
Holly Piper, investment director at Fair4All Finance, said: “This co-investment with Shawbrook represents an industry first – the first large senior debt facility from a commercial funder to a not-for-profit personal lending CDFI.
“Fair4All Finance has been working with Fair for You over many years to facilitate an appropriate structure that has been the catalyst for Shawbrook’s investment.
“Together with the additional Fair4All Finance credit facility announced today this will increase access to affordable credit and improve the financial resilience of families across the UK.”
