First of its kind co-investment from Fair4All Finance and commercial funder Shawbrook will help boost access to affordable credit and double Fair for You’s ability to support people in financially vulnerable circumstances
We’re pleased to announce new funding from Fair4All Finance for the not-for-profit lender Fair for You, alongside a significant new credit facility secured from commercial funder Shawbrook.
Together this funding allows Fair for You to further grow its offering and doubles their ability to support people in financially vulnerable circumstances with affordable credit. This means tens of thousands more customers will be able to access essential household items and build financial resilience.
Founded in 2015, Fair for You is an ethical lender and social enterprise, with a mission to empower financially excluded households. By working with trusted retailers, including Argos, Iceland and Hotpoint, they offer flexible finance options that let customers tailor repayment schedules and loan terms to suit their circumstances.
Fair4All Finance first invested in Fair for You in 2020 as part of our Affordable Credit Scale Up Programme. We’ve been working together with Fair for You and other lenders on the programme to secure further investment to help them grow and increase access to affordable credit for people in financially vulnerable circumstances.
This additional funding will allow Fair for You to expand its reach and support more people during challenging times. We hope our funding and support will attract further investment into the sector to help fill a growing gap in the provision of affordable credit in the UK.
‘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.’
Holly Piper, Investment Director at Fair4All Finance
‘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.’
Simon Dukes, CEO at Fair for You
‘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.’
Oliver Atkins, Associate Director at Shawbrook
