community banking by mandy bygrave cwcda. warwickshire financial inclusion partnership ...
TRANSCRIPT
Community BankingCommunity Banking
BY BY
MANDY BYGRAVEMANDY BYGRAVE
CWCDACWCDA
Warwickshire Financial Inclusion Partnership
Warwickshire Financial Inclusion Strategy
LPSA 2 funding
Financial Inclusion -25th June 2010
Warwickshire facts & Figures
Estimated 6,326 households may not have access to bank accounts
Home credit companies have large rounds across North Warwickshire.
Estimated that thousands of people across the county are using loan sharks
Provident – 272.2%Provident – 272.2%
Cost of £300 loan over 12 monthsCost of £300 loan over 12 months
TOTAL £878.47TOTAL £878.47
Payday loan (Quickquid) – Payday loan (Quickquid) – 2222.46%2222.46%
Cost of £300 loan over 12 monthsCost of £300 loan over 12 months
TOTAL £ 6667.38TOTAL £ 6667.38
What is Community Banking ?What is Community Banking ?
Group of third sector Group of third sector organisations organisations
that offer money related that offer money related services services
Citizens Advice BureauCitizens Advice Bureau
ReferralsReferrals Money/Debt AdviceMoney/Debt Advice Support and adviceSupport and advice
Credit UnionCredit Union
Front faceFront face
Savings and loansSavings and loans
Child Trust FundsChild Trust Funds
CWCDACWCDA
Bill payingBill paying Budgeting & Money ManagementBudgeting & Money Management Basic bank accountsBasic bank accounts Save XmasSave Xmas Savings gatewaySavings gateway School BanksSchool Banks
Heart Of England moneyHeart Of England money
CWRTCWRT Loans to those on low Loans to those on low
incomes- 35 % incomes- 35 % £356.55£356.55
Business loansBusiness loans Business adviceBusiness advice
ConclusionConclusion
Simple idea that can Simple idea that can make a real difference make a real difference to those that are to those that are financially excludedfinancially excluded
We can make a We can make a difference to your difference to your tenants tenants
New IdeasNew Ideas
What additional Services are required?What additional Services are required?
-Savings gateway-Savings gateway
How do you think this could help you or your How do you think this could help you or your tenant?tenant?
Contact detailsContact details
New Way Credit Union 01827 718851New Way Credit Union 01827 718851
Heart of England money 02476 551777Heart of England money 02476 551777
Maxine Bennett 07968675862Maxine Bennett 07968675862
Mandy Bygrave – 07989982727Mandy Bygrave – 07989982727
[email protected]@cwcda.co.uk