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Cash and carePolicy challenges in the welfare state$
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Caroline Glendinning and Peter A. Kemp

Print publication date: 2006

Print ISBN-13: 9781861348562

Published to Policy Press Scholarship Online: March 2012

DOI: 10.1332/policypress/9781861348562.001.0001

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Affordable credit for low-income households

Affordable credit for low-income households

(p.95) Eight Affordable credit for low-income households
Cash and care

Sharon Collard

Policy Press

This chapter examines the provision of credit to people on low incomes from the perspective of both the borrower and the lender. It then goes on to explore the size and nature of the potential market for more affordable credit and considers the options for delivering affordable credit to those who most need it. The chapter argues that whatever shape it takes, some intervention is required to ensure that poor people have access to affordable credit. Left to its own devices, the commercial market will continue to move towards more profitable customers and away from lending to the poorest people. The biggest, most immediate impact would come from a system of guaranteed automated payments and further expansion of the discretionary Social Fund. This would require substantial investment, which could be met through public–private partnership.

Keywords:   poor income, credit access, lending, guaranteed automated payments, Social Fund

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