Plans for a credit union in Southend to keep hard-up borrowers out of the hands of loan sharks have been given a massive boost.
The Southend Association of Voluntary Services has been awarded more than £311,000 to set up the "people's bank".
It is hoped that the union, which will lend money to those in desperate need, will stop people using unlicensed lenders who prey on those unable to get credit through banks.
Published Wednesday, May 21, 2003
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article