# CAF Bank passes £100 million lending milestone

- Link: https://fundraising.co.uk/2020/01/27/caf-bank-passes-100m-lending-milestone/
- Published: 2020-01-27T10:40:34+00:00
- Author: Melanie May

**CAF Bank has grown its portfolio of lending to charities to over £100 million 
for the first time, it has announced.**

CAF Bank, which is owned by [Charities Aid Foundation](https://www.cafonline.org/),
provides a full range of day-to-day banking services to charities and organisations
with a social purpose, with a particular commitment to small and medium-sized organisations.

Projects that have benefitted from CAF Bank loans include [redeveloping a former care home](https://www.cafonline.org/caf-bank/caf-bank-personal-account/development-finance/haven-sent)
into a 14 bedroom home in East Sussex to house homeless people in the area, and 
[renovating a church](https://www.cafonline.org/charities/borrowing/secured-loans/case-studies/community-church-putney)
in Putney to transform it into a modern hub for the local community.

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Alison Taylor, CEO of CAF Bank, commented:

> “We’re owned entirely by a charity and as a result, specifically designed to understand
> and serve what thousands of charities across the country need from a banking provider.
> “This £100m milestone is important for us. It shows our commitment to responsible
> lending to UK charities, despite an uncertain economic and geopolitical outlook.”

Last year CAF Bank identified three main priorities for the future: improving customer
service, driving efficiency and deepening its social purpose lending.

In December last year, it announced that it was partnering with Flagstone in the
launch of a cash deposit platform just for charities. The [CAF Charity Deposit Platform](https://fundraising.co.uk/2019/12/11/caf-launches-cash-deposit-platform-for-charities-only/)
provides access to a choice of more than 170 deposit accounts from 22 banks and 
building societies for those with savings starting at £50,000.

 * **[Britons willing to support neighbours & NHS charities despite coronavirus money worries](https://fundraising.co.uk/2020/04/06/britons-willing-to-support-neighbours-nhs-charities-despite-coronavirus-money-worries/)**(
   6 April 2020)
 * **[Donations to children & animal-related causes decline as more give to NHS charities](https://fundraising.co.uk/2020/05/15/donations-to-children-animal-related-causes-decline-as-more-give-to-nhs-charities/)**(
   15 May 2020)
 * **[UK drops out of CAF World Giving Index top 10](https://fundraising.co.uk/2021/06/15/uk-drops-out-of-caf-world-giving-index-top-10/)**(
   15 June 2021)

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