New research shows impact of Covid-19 on the affordable credit sector

Industry News | 18/08/20

New research by Community Finance Solutions (CFS) at the University of Salford and Carnegie UK Trust has highlighted the impact that COVID-19 is having on affordable credit providers across England, Scotland and Wales. Fear and Loaning – The Impact of Covid-19 on affordable credit providers serving financially vulnerable customers has been published.

More than 60 Credit Unions and Community Development Finance Institutions (CDFIs) in England, Scotland and Wales took part in the study, which asked about the impact of Covid-19 on demand; lending volume; income; liquidity; viability, and confidence.

Source: Carnegie UK Trust