Finance Otherwise
Finance Otherwise Ltd (FO) is a mutual aid fund. The fund has been created by members of The Otherwise Club and the project is being supported by London Rebuilding Society (LRS), both financially and through training.
FO provides short term personal loans.
Eligibility for these is set out in our policy document.
FO is ‘not for profit’ and doesn’t charge interest on loans.
We do have to charge small management fees, as we have to comply with data protection law and cover admin costs, including the cost of our lending licence.
FO will only lend money that it actually possesses.
This may seem a stupid or redundant thing to say BUT this is not the way that large private banks work. They effectively ‘create’ money with every loan they offer. This drives inflation and the ever increasing need for economic growth.
For more information:
www.financeotherwise.org.uk
FO provides short term personal loans.
Eligibility for these is set out in our policy document.
FO is ‘not for profit’ and doesn’t charge interest on loans.
We do have to charge small management fees, as we have to comply with data protection law and cover admin costs, including the cost of our lending licence.
FO will only lend money that it actually possesses.
This may seem a stupid or redundant thing to say BUT this is not the way that large private banks work. They effectively ‘create’ money with every loan they offer. This drives inflation and the ever increasing need for economic growth.
For more information:
www.financeotherwise.org.uk
Finance Otherwise Ltd is a company limited by guarantee, registered in England and Wales, company number 08152023.
Consumer Credit Licence number 652333
Registered office address:
48 Waterloo Road, Leighton Buzzard, LU7 2NS
Consumer Credit Licence number 652333
Registered office address:
48 Waterloo Road, Leighton Buzzard, LU7 2NS
The Otherwise Club is a company limited by guarantee
Company No:3379478 (England and Wales)
Charity No:1071831
Registered address: 1 Croxley Road, London, W9 3HH
Company No:3379478 (England and Wales)
Charity No:1071831
Registered address: 1 Croxley Road, London, W9 3HH
