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  • Charity Bank is a savings and loans bank with a mission to use money for good. We use the money our savers entrust to us to make loans to charities, social enterprises and organisations with charitable purposes. Our community of borrowers, savers, shareholders and staff are all working towards one goal – helping to create lasting social change in our communities.

  • Address: Fosse House
    Tonbridge
    Kent
    TN9 1BE
    United Kingdom
    Special Offers:

    25% discount on Charity Bank loans for Social Enterprise Mark holders

  • 25% discount on Charity Bank loans for Social Enterprise Mark holders

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  • Social Impact Statements:

    Social Impact Statements

    The Social Enterprise Mark criteria includes a requirement that the applicant can demonstrate that social and/or environmental objectives are being achieved.

    In support of this, new applicants and renewing Mark holders must submit Social Impact Statements that summarise their headline activities and achievements, helping show how they are striving to make a difference and stand up to scrutiny of purpose as a social enterprise.

     

    Updated April 2016


    1) Lending to support charitable goals

    We only lend to charities, social enterprises and organisations with charitable goals. What matters to us is that the borrower is committed to a charitable purpose and has the ability to repay.

    We offer loans from £50,000 to £2.5 million, up to £3.25 million to social housing providers and more in partnership with other lenders.

     


    2) Measures of support

    Since 2012, we have agreed to lend over £250 million to over 1,000 charities and social enterprises.

    We offer a range of deposit accounts, including Cash ISAs, to individuals and organisations who share our mission.

    We take deposits from the public in order to be able to provide such loans.

     


    3) Outcomes of loans

    We provide loans to organisations to further their social missions. Our loans have outcomes on two levels:

    • immediate benefits for the borrower’s beneficiaries (in terms of new homes constructed, facilities and services expanded or improved);
    • longer term benefits for the borrower (enabling the organisation to build and asset base or establish a new income stream)

    We try to assess both. Figures of quantifiable outcomes for beneficiaries can be found on our website, together with individual borrower stories.

    We survey our borrowers regularly to try to understand the outcomes of our loans and how we might improve our products and services going forward. Our last borrower survey was in 2014 (we conduct them every two years). Key findings were:

    • 95% of borrowers said that their Charity Bank loan had made a major or significant contribution towards the achievement of their mission;
    • 85% said that their Charity Bank loan had improved the quality of support they could offer the people they work with;
    • 72% said their financial management had improved as a result of the loan.

    Part of our mission is to serve organisations that are under-served by other lenders. So when we make a loan we ask ourselves whether we have reached an organisation that wouldn’t have been able to access finance elsewhere or whether the work could have been funded by someone else. This approach helps us to make sure that we continue to respond to market failure, reaching the organisations the market fails to serve, at the same time as we seek to achieve financial sustainability ourselves by lending to larger organisations. From our borrower survey, borrowers said that 66% of new projects would not have gone ahead without Charity Bank support.