Topic: NILS

NILS

In the first episode of the Fair4All Finance Podcast, we delve into the world of No Interest Loans (NILS) and their importance in supporting financially vulnerable individuals. Host Julie Kangisser...

Madeline* is a 41 year old single mother of three children. One of her children is disabled, and as her full time carer, she is unable to work. She needed...

The No Interest Loan Scheme (NILS) has now provided £10 million in affordable credit to people in financially vulnerable circumstances. Maria Booker, Head of Policy at Fair By Design writes...

As part of our new series on Funding Affordable Credit, our Head of Strategy Jake Attfield looks at why APR is not always a helpful measure of the value of...

Olivia* is a 23 year old single parent with two young children. She is a member of South Manchester Credit Union and in 2022 had taken out a loan to...

Sian Williams is CEO of Switchback, and previously Director of Policy and Innovation at Toynbee Hall. Sian is a long-time advocate and champion of NILS and has been instrumental in...

Today Fair4All Finance announces hitting a £10m milestone in the provision of affordable credit to people in financially vulnerable circumstances through the No Interest Loan Scheme (NILS) pilot. This means...

PwC’s latest analysis of NILS covers a total of nearly 4,000 loans, with a total value of £2.1m – at an average loan value of £591. In addition to the...

A new report on Fair4All Finance’s ongoing No Interest Loan Scheme (NILS) pilot provides the evidence that the scheme is helping people in financially vulnerable circumstances, and has the potential...

£30m of funding available to lenders, support services and technology providers who can deliver at scale to broaden the impact of two key pilots via the Subsidy Control Regime...

This update comes at a difficult time for households across the country, especially those already in vulnerable circumstances and as the cost of living continues to grow the outlook for...

As the Government opens a consultation on how the next £880m of dormant assets should be deployed, we’re calling for financial inclusion to be prioritised so that everyone, not just the well-off...