(Guardian) The unique role of the church in the battle for financial inclusion

Justin Welby captured the attention of the nation in 2013 when he declared war on Wonga and pledged the support of the church in the fight for financial inclusion. And yet, alongside the positive headlines, a common question emerged in response: what does the church really have to offer to people struggling on low incomes and preyed on by exploitative lenders, except perhaps a some spiritual support and comfort?

The answer has come in the form of the Church Credit Champions Network, a project funded by Lloyds Banking Group that has been piloting in London and Liverpool since the spring of 2014. It helps equip local churches to engage with money and debt issues, and has formed a key part of the task group set up by the archbishop of Canterbury and chaired by former City regulator Sir Hector Sants.

The church has both an unmatched “branch network”, with a presence in every community in the country, and a range of different resources, such as people, money, skills and buildings, which are all potentially of value to credit unions and others seeking to increase access to savings and affordable credit in their communities. The network helps churches to listen and reflect on what is happening within their local community in terms of money and debt, and then trains up clergy and church members as ”credit champions”, ready to take practical action.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), Economy, Ethics / Moral Theology, Personal Finance, Religion & Culture, The Banking System/Sector, Theology