Charity Bank is an ethical bank that uses its savers’ money to lend to social enterprises and charities.
This direct investment will contribute towards Charity Bank’s growth of its existing loan book to £250 million and achieve the scale required for sustainable profitability.
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Fund size
£132 million -
Better Society Capital commitment
£14.5 million
Key information
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Geography
UK wide -
Investment type
Enterprise debt -
Fund manager
Charity Bank -
Investment status
Current -
Investment date
2014 -
Term
10 years
Impact
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Number of borrowers
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Average loan size
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Percentage of loans made to organisations operating in disadvantaged areas
Sustainable development goals
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1: No Poverty End poverty in all its forms everywhere -
3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages -
4: Quality Education Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all -
7: Affordable and Clean Energy Ensure access to affordable, reliable, sustainable and modern energy for all -
8: Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all -
10: Reduced Inequality Reduce inequality within and among countries -
11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable
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Other investors
Charitable trusts and foundations
Social bank depositors.