Fund title: Folk2Folk
Focus of fund/fund aims:
A new Devon base for this peer-to-peer lending company
A pioneering people-to-business lending company is opening a new agency in Devon this month. After reaching a £35 million landmark in loans advanced, the Cornish company, Folk2Folk, has chosen Crediton as the location for its first agency.
People in Crediton and the surrounding area will be able to learn about a new way of accessing and investing money in businesses in the South West. Folk2Folk introduces borrowers looking for secure loans to lenders who are looking for competitive returns on their investment. With loans secured against property, Folk2Folk has lent to borrowers in the following sectors: renewable energy, house building, leisure facilities and land & property acquisition.