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Faisel Rahman Managing Director, Fair Finance, UKTalks about Leadership, Social Innovation
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After working at the Grameen Bank and World Bank in Bangladesh, Faisel Rahman developed the first microcredit program in the UK 2000. Over 5 years he helped hundred of excluded women start businesses and received accolades from the UK Government, Bank of England and the New York Federal Reserve Bank. Realising that many potential and poor entrepreneurs suffered debt and financial management problems, Faisel created an innovative model of sustainable debt advice helping thousands of over-indebted tenants avoid eviction and repay their finances.
In 2005 he launched Fair Finance, a social business who’s aim is to revolutionise personal finance to make it more inclusive and equitable. Fair Finance has grown to become one of the most innovative and respective community finance initiatives in the country. It is a pioneer in raising both commercial finance from mainstream banks, and social investment to become sustainable and scaleable. Its rapid growth has seen it receive much recognition both in the media and within the third sector, and also locally where it has helped thousands of financially excluded residents in London. It is currently on the path to becoming a full spectrum financial services organisation dedicated to bring services to the people the banks have left behind.
In 2007 he was elected one of the first UK Ashoka Fellows in recognition of his work in social enterprise and the potential to make system changing impact. In 2009 he was elected a Young Global Leader by the World Economic Forum. He is an occasional columnist for the Guardian on financial exclusion issues and was elected President of the European Microfinance Network in 2012 where he has helped develop EU wide policy on fostering financial inclusion across the continent. In October 2013 the UK Prime Minister awarded Fair Finance a Big Society Award in recognition of its work in tackling exclusion, social finance and supporting business:
Faisel received an OBE for Services to Community Finance in 2014 and a Honoury Doctorate from UEL in 2015.
Read what The Guardian had to say about Faisel here.
Financial Exclusion and Inequality
Leadership in value-driven business