Salad Money Impact Report 22-23 WEB - Flipbook - Page 2
SALAD MONEY HELPS KEY
WORKERS AND PEOPLE
EXCLUDED BY MAINSTREAM
FINANCE AVOID TOXIC
HIGH-COST LENDING
IN 2022-23 WE HELPED CUSTOMERS TO:
Save an average of £497 in interest
each, on an average loan amount
of £973 – keeping £13.4m in their
household budgets.*
Identify £36.3m in unclaimed
bene昀椀ts they were entitled to each
month, an average of £348 each
(£4,176 per year).
Access £130,000 in hardship
grant awards.
Loans agreed
£ advanced
Total customers
Average loan size
Total applicants
Total interest saved for key
workers
1 Sept 2022 to 31 Aug 2023
1 Sept 2021 to 31 Aug 2022
Increase
26,914
15,732
+71%
£26,200,000
£13,902,058
+88%
24,841
14,073
+77%
£973
£884
+10%
494,873
220,929
+124%
£13,386,700
£7,986,461
+68%
*Calculated by comparison with other products available to our customers.
2
Fair Lending for Key Workers
