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Credit union launches small loans to develop local firms
By David Ainsworth, Third Sector, 16 July 2008
The country's largest credit union has launched a pioneering scheme to lend cash to local people who are setting up their own businesses.
The Leeds City Credit Union is working with local regeneration organisation Sharing the Success to create an 'enterprise loan' package that offers small loans to individuals for business development. "We're taking money invested by the community and lending it to people in the community to build businesses for the community,"...
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