Ethical lender asks Stockport business leaders to invest in local community

A government-backed loan scheme for large businesses affected by coronavirus has been expanded to cover all viable firms, the Chancellor announced today.

Written on April 6, 2020 by Xeinadin Group

In an open letter to the people of Stockport, the chief executive of Stockport Credit Union has appealed to anyone with financial security to help others who are struggling to make ends meet or may be facing financial challenges during the coronavirus crisis.

In the letter, titled ‘Stockport Needs You’, Jonathan Moore, said: “In these difficult times we all want to help each other out and the current crisis is creating some fantastic examples of neighbourly and community spirit.

“It’s wonderful that those who need help can reach out and receive it.

“Sadly, in recent days, we have seen many more people looking to borrow and others are drawing on what small savings they have with us to tide them over.

“This is not surprising during the times we are living through. Some of the stories of hardship that we have heard point to some real challenges within our community.”

He added: “We are there so our community members can put food on the table and pay rent, without resorting to unethical and extortionate lenders. We would like more of our neighbours to join and become members so that we can do what we do best.”

Stockport Credit Union provides small loans to people who need help to make ends meet.

It also supports them to achieve financial independence and encourages them to save for the future and reduce their borrowing needs.


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