other loan products for specific communities and
For example, we are planning to launch a “Sharia”
Compliant loan that will be based on current work
we are undertaking with support from Barclays Bank
We are networked with Micro-finance organisations
in the UK and abroad. With some of these networks,
we are planning a pro poor community development
investment fund to provide migrant people with credit
domiciled in the UK that may be used to build community
we are looking at the modalities of funding the
building of a health centre in a remote village
in Ghana, West Africa through a group of “home
town descendants” domiciled in the UK.
We believe that this type of loan product will make
practical sense of remittances as a driver of development
in addition to securing tangible benefits by migrant
workers to their countries or areas of origin.
We expect to raise funding for this type of loan
product separately from the work we undertake in
the UK and where necessary, we will provide the
option for people to contribute directly to the
capital base of this activity.
For more information:
Contact Ethnic Mutual,
Bilt Mansions 4-16 Deptford Bridge
London SE8 4HH.
Tel: 0208 691 3476 Fax: 0208 6913427