Trust Leeds

Trust Leeds

Description

Trust Leeds (TL) is a young, ambitious organisation that aims to tackle poverty, financial exclusion and social isolation amongst the most disadvantaged in Leeds by building Self-Reliant Groups (SRGs) and providing microfinance to those in the bottom 20% of the Index of Multiple Deprivation. It follows in the footsteps of the only other SRG/microfinance organisation in the UK, Purple Shoots (PS) in Wales, adapting their model to work on a smaller scale. TL’s microfinance programme is designed to support the businesses emerging from its SRGs as well as the financially excluded in the wider community. With their funding from The Fore, TL aim to be in a position by 2024 to provide finance to the business’ of up to 48 of the most disadvantaged in Leeds every year and for the micro-finance programme to be ‘breaking even’ (with a loan pot of £31,000 and all running costs funded by interest and top slice of capital donations).