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Government loan funds 'could mean less choice'
By David Ainsworth, Third Sector, 17 September 2008
Social lenders have warned that Government loan funds Futurebuilders and Capacitybuilders could dominate the social lending market and give charities less choice.
Charles Middleton, chief executive of social lender Triodos Bank, said large amounts of government cash could undermine independent charity lenders. "These funds need to complement the social lending market, not directly compete with it," he said. "I don't want the sector to be dependent on subsidies from quasi-government organisations." John...
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