FOLK2FOLK, the multi award-winning peer to peer lending platform has celebrated five years of providing a much need lifeline of finance for local and rural businesses in the wider Crediton area, as well as providing attractive local investment opportunities for individuals looking to make more from their money.
To mark the occasion, a large turnout of customers, friends and local professionals came together at the Boniface Centre in Crediton for an evening of celebration hosted by Managing Director Roy Warren and co-founder and Director Louis Mathers.
After recently surpassing a milestone of delivering £330m in cumulative lending, the evening was not only an anniversary celebration but also a chance to recognise the people of Crediton who have lent via FOLK2FOLK, and congratulate them for their contribution to this achievement.
Roy Warren, FOLK2FOLK Managing Director said: “Many of our customers helped us celebrate and we’d like to say ‘thank you’ to our local FOLK2FOLK Lenders on behalf of all the businesses they’ve helped. Without them, we cannot provide the finance that has enabled hundreds of businesses grow, develop and diversify.”
FOLK2FOLK, is the third largest peer to peer lender to business in the UK (According to Brismo: https://brismo.com/market-data/) and specialises in lending to local and rural businesses by matching them with like minded investors looking to earn an inflation-beating rate of interest on their money. FOLK2FOLK’s typical interest rate is 6.5% p.a. and all loans are secured against land or property. (Capital is at risk and peer to peer lending is not covered by the Financial Services Compensation Scheme).