Reverend launches new loan service
A SERVICE helping people facing money problems has been officially opened in Swansea.
Moneyline Swansea was due to opened today by the Right Reverend John Davies, Bishop of Swansea and Brecon.
Moneyline Cymru is a not-for-profit social enterprise working in partnership with Community Housing Cymru and will provide affordable loans and money advice to people on low incomes.
The new Moneyline Swansea outlet opened to the public on September 1, and to date, has completed 25 loans and loaned out £4,800 to people.
Nick Bennett, group chief executive of Community Housing Cymru (CHC), said: "Moneyline offers a lifeline to those who need it.
"With the UK Government's welfare reform changes, a rise in demand for high interest lenders and loan sharks is a real concern.
"The service offered by Moneyline Swansea will be invaluable and will go a long way towards helping people cope with the changes."
Moneyline Swansea manager Ceri Hart said: "We are considerably cheaper than the high interest lenders currently available and our staff ensure that customers only borrow what they can afford."