Midlands Community Finance

Midlands Community Finance

Reducing poverty by tackling financial exclusion

Midlands Community Finance

We have helped Midlands Community Finance so they can help the community.

Midlands Community Finance is a community lender that gives financial advice and support to people on low income that don’t have access to, or don’t qualify for mainstream finance, but need a personal loan or want to set up or expand their business.

MCF’s main aim is to stop people from spiralling into debt by using cheque cashers or lenders who charge high amounts of interest that mean the debt is more difficult to repay.

They hold face-to-face meetings with clients and draw up an individual payment plans to meet individual circumstances. By getting to know their clients, they adjust payments to levels the client can afford.

MCF has broad links throughout their community. They currently run a white goods loan scheme with Derby City Council, who in turn often refer clients to MCF.

Since launch, MCF has provided over £7m worth of business lending and drawn £500,000 from the funds to provide personal loans to people in the local community. With an average personal loan of £650, that’s a lot of people who are leaving debt behind and getting back on their feet financially when they’ve pretty much reached their last resort. RBS Social & Community Capital owns share capital in MCF and has supported them in a variety of areas. A loan of £500,000 in a discounted payroll service through RBS Mentor, and low cost furniture and computing equipment has been obtained through Lombard. All of which have helped MCF to focus on what they do best, provide loans to those in need.


Security may be required. Product fees may apply. Over 18s only.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.



Asset finance is provided by Lombard North Central PLC. Registered in England and Wales No.337004. Registered Office: 135 Bishopsgate, London, EC2M 3UR.
RBS Social & Community Capital is a trading name of RBS Social & Community Capital, Registered in England and Wales No: 03901460, Registered office: 12-14 Regents Place, Birmingham B1 3NJ Charity Registration No: 1079626.

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Send us an email or talk to our team directly on 020 7672 1411.

We look forward to knowing more about you, your organisation and how we can help.

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