Community Microfinance
The Mutual Aid Fund Project
Mutual Aid Fund is a unique project aiming to increase financial inclusion by enabling community organisations to start a micro loan fund for the benefit of their members.
Being close to the members and their needs means that the organisation can use the fund to design loan products that are accessible, affordable, and appropriate for their members.
The lending activity not only enables the organisations to better meet their members' needs, it also helps them move away from grant dependency and towards developing into social enterprises.
Mutual Aid Fund organisations represent a wide range of community interest groups such as various migrant communities, market traders, home educators, women with mental health problems, survivors of domestic violence, widows and orphans, refugee professionals, etc.
The Mutual Aid Fund enables organisations to:
• Offer affordable micro-loans, thus providing an extra value & service for their members and undercutting loan sharks
• Respond to their members’ needs beyond just giving advice and guidance
• Help build the financial capability and credit history of their members
• Create awareness and enhance organization’s profile in the community & in the eyes of sponsors and potential funders
London Rebuilding Society
• Gives training on how to run a loan fund (6 day ‘Learning to Lend’ course)
• Makes a loan to your organisation to create the loan fund (up to £10k, optional)
• Equips you with a free Loan management system
• Provides support and advice throughout the process
• Offers peer networking and learning opportunities
To find out more about the Mutual Aid Fund please make an enquiry online, or contact Lana Hersak at lana.hersak(AT)londonrebuilding.com or 0207 997 7333
Related pages:
How does the Mutual Aid Fund work?
Who Can Join the Mutual Aid Fund?
Mutual Aid Fund FAQs