Pennine Community Credit Unions teams up with furniture social enterprise
09 Feb 18
Pennine Community Credit Union has teamed up with furniture social enterprise, Spacious Place Engage (SPE), to provide an affordable and ethical alternative to expensive rent-to-own stores. The credit union has a branch in the new SPE store in Burnley.
SPE offers furniture and white goods at significant discount of up to 50%. Their aim, working with partners such as the credit union, is to end the cycle of debt that is fuelling food poverty and the use of foodbanks in the area.
Speaking about the initiative to the Burnley Express, Mark Hirst, SPE Managing Director cited an example of a vulnerable woman who had bought a bed and mattress from a local rent to own store and was spending £2,500 over three years causing her serious debt and financial hardship. Spacious Place advised her to return the goods and sold her a new double bed and mattress for less than £500, making only four monthly payments to PCCU – reducing her need to use a food bank.
From January to December 2017 the Burnley foodbank received 1,464 referrals, feeding 2,671 people (938 of these were children), and made 2,760 volunteer deliveries.