Share

Triodos Bank increases lending to social sector by a third

Triodos Bank increases lending to social sector by a third
News

Triodos Bank increases lending to social sector by a third

Finance | Vibeka Mair | 5 Oct 2009

Triodos Bank has increased lending to charities and social enterprises by 33 per cent in the first half of 2009, taking its total lending and commitments to civil society to £150m.

The largest growth area was social housing.

Overall the ethical bank showed a 29 per cent increase in total UK lending and commitments in the first half of 2009 to £305m.

Sue Cooper, senior manager of the social banking team at Triodos said the growth in lending was due in part to the recession:

"Because of lending constraints in mainstream banks organisations have started to turn to alternative lenders like us. We have the money to lend while mainstream banks are finding it difficult.

"Also, last year less people borrowed as they wanted to hold off and see what happened with the economic downturn. The situation is slightly clearer this year so more people are borrowing."

Meanwhile, Google and Triodos Bank have launched an online interactive map that lets users see where and to whom Triodos has lent money around the UK.

The website, called KnowWhereYourMoneyGoes, started in Netherlands Triodos:

"It's another way of delivering transparency about all our operations," says Cooper.

The site is modelled on route planner Google Maps. It features an application where users can search by location to find out where Triodos is lending or by sector to find specific projects (pictured) which Triodos funds.

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

Charity boxes ‘could fund terrorism’, warns senior police officer

24 Nov 2014

One of Britain’s most senior police officers warned yesterday that charity donation boxes could be used...

Band Aid 30 raised £1m in first day

19 Nov 2014

Band Aid 30 became the fastest-selling single of 2014 when it was released yesterday, with 206,000 people...

Society lotteries deregulation could lead to less trust in charities, says NCVO

19 Nov 2014

Deregulation of society lotteries could impact public trust and confidence in charities, NCVO has told...

RNIB chief executive criticises ‘arrogance’ of MPs who think charities must learn from private sector

21 Nov 2014

Lesley-Anne Alexander, chief executive of RNIB, yesterday said she had a “struggle with the arrogance”...

Don't lecture us on impact when government has failed to measure its own, Wilson told

21 Nov 2014

The minister for civil society was criticised yesterday for telling charities to measure their impact...

Volunteer managers say they need a stronger representative body

21 Nov 2014

The volunteering sector needs a more powerful representative body, volunteer managers have said in response...

OSCR launches new website

20 Nov 2014

The Office of the Scottish Charity Regulator has launched a new website which includes a new search function.

Data from controversial Samaritans app to be deleted

17 Nov 2014

Samaritans has promised that all data collected by its Twitter monitoring app will be deleted and the...

Post Office enables Children in Need donations through Twitter

11 Nov 2014

The Post Office has become the first UK organisation to allow Twitter users to donate to charity through...

Join the discussion

 Twitter button

@CSFinance