Lender shares interest with Peru
A co-operative lending society based in the North East has been spreading its influence all over the globe, with its latest success story taking place in the jungles of Peru.
Shared Interest, a Newcastle-based lender which works with fair trade businesses across the world, has secured finance for a coffee-growing collective in northwest Peru called Aprocassi.
The Aprocassi collective wanted to use their land for a more environmentally-friendly purpose such as coffee farming, instead of the region’s traditional gold and silver mining.
2.Feb.10 | Business
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Year’s savings just £40
People have an average of only around £2,000 in savings after managing to set aside less than £40 during 2009, new research has shown. The average person holds £2,205 in a…
29.Jan.10 | Commerce and Finance
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Retail administrations dropping
Following the news this week that the UK economy has officially emerged from recession, the retail industry was given reason to be even more cheerful – administrations in the retail…
27.Jan.10 | Commerce and Finance
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House hunters expect prices to keep rising
More than half of people expect house prices to continue increasing during the coming 12 months, a survey has shown. Around 53% of people expect further rises in the cost of…
25.Jan.10 | Commerce and Finance
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Borrow less but pay more
People taking out personal loans for small amounts are being charged nearly twice as much interest as those borrowing larger sums, research showed today. The average rate charged on a loan…
25.Jan.10 | Commerce and Finance
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UK still trusts banks
Fewer than one in 10 people considering moving their current account would opt for a supermarket bank or online provider, a survey showed today. Around 21% of people are thinking of…
22.Jan.10 | Commerce and Finance
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Firms told ‘worst is yet to come’
More than 140,000 companies fell into financial trouble in the final three months of 2009 as experts today warned the worst was yet to come for recession-hit firms. The latest “Red…
19.Jan.10 | Commerce and Finance
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‘Public sector recession’ predicted in the North
Economic growth in the North could be hindered by a lack of funding from both public and private sectors. That’s the warning from the latest report published by The Northern Way,…
19.Jan.10 | Commerce and Finance
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UK faces “decade of pain“
A leading economic forecaster has warned that the UK faces a decade of pain after a massive debt binge. In a report out today the Ernst & Young ITEM Club, which…
19.Jan.10 | Commerce and Finance
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Tolent to quit the market
THE ever-dwindling band of North East listed companies looks set to lose another member after construction firm Tolent announced its intentions to quit the market. The Gateshead business said in a…
18.Jan.10 | Commerce and Finance
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Rock continues to back Magpies
Northern Rock today said it would continue to sponsor Newcastle United Football Club after signing another four-year deal worth up to £10 million. The contract - valued at between £1.5 million…
18.Jan.10 | Commerce and Finance
