As the first Community Development Finance Institution (CDFI) to be established in the East Midlands, MCF Loans was set up to make loans to financially excluded individuals and businesses that could not access affordable credit from mainstream banks and building societies. A key aim was to reduce the burden of debt and high interest charges faced by low income households and provide an alternative source of credit to the cheque cashers, high cost door-step providers and illegal money lenders.
Derby loans (IPS) Ltd trading as MCF Loans (Midlands Community Finance) is an Industrial & Provident Society registered under the Industrial & Provident Societies Act 1965 Registration Number.
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