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About Responsible Finance
Responsible Finance is the trading name of the Community Development Finance Association (CDFA), a national membership body for responsible finance providers in the UK. It is registered in England and Wales with company number 04111603[1]. The organization aims to create a fair financial system by scaling up the community development finance sector, ensuring that no viable business is left unsupported and no person is forced into unacceptable hardship[1].
### Key Activities and Objectives:
- Supporting Members: Responsible Finance helps its members access funding to ensure growth and sustainability in the sector[1].
- Promoting the Sector: It builds a positive profile of the sector and advocates for a favorable regulatory and policy environment[1].
- Capacity Building: The organization provides high-quality services, including professional development and networking opportunities, to enhance members' capacity and effectiveness[1].
### Scope of Responsible Finance Providers:
Responsible finance providers lend to not-for-profit businesses, microbusinesses, SMEs, charities, social enterprises, and other community and voluntary organizations that cannot access mainstream finance[5]. These providers offer flexible terms tailored to the needs of their clients and often provide additional support services like business training and advice[5].
### Global Context:
The concept of responsible finance extends beyond the UK, with organizations like the Responsible Finance & Investment (RFI) Foundation working to integrate responsible and Islamic finance practices globally, focusing on sustainability, inclusion, and equity[4]. Similarly, KPMG supports financial institutions in achieving their responsible finance goals through strategies like impact investing and social bonds[3].
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