On the 17th of May we officially launched our online lending platform. After 16 years providing affordable finance for people who would otherwise be at the mercy of high cost lenders, we helped many people, this presentation includes information on the social impact of our ethical loans so far. Bringing our expertise into online lending, we aim to create competition and offer people an alternative to high cost pay day loans, charging a fraction of what other online lenders do.

1. Street UK
Online Lending Platform Launch
Tuesday 17th May 2016

2. StreetUK History
• Launched in 2000
• Based in West Midlands
• Run as a social enterprise
• Provides affordable finance
• Supports other social enterprises and financial institutions with software and
support services

3. St Martins History
• Launched in 2013
• Based in London
• Run as a charitable enterprise
• Christian ethos
• Provides social consulting to charities and social enterprises

4. StreetUK Achievements
• Helped over 31,000 customers
• Provided over £15 million in affordable credit
• Saved each customer over £242 versus comparable Doorstep Lender
• Built up a branch network across the West Midlands

5. OWNER
OCCUPIERS
2.8%
Family/Friends
9.3%
Private Landlord
25.6%
Social Housing
60%
StreetUK Impact
Male
27.8%
Female
72.2%
Single
74.3%
Couples
24.6%
Working
43.1%
Benefits
51.6%
Retired
3.4%
With
Children
62%
15%
39%21%
15%
6%
4%
AgeGroups
18-24
25-34
35-44
45-54
55-64
64+
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
BabyExpenses
Birthday
CarRelated
Christmas
ClearDebts
ElectricalGoods
Holiday
HomeImprovements
MovingCosts
PersonalExpenses
SchoolUniforms
WeddingCosts
Loan Purpose
Loansadvanced
Overall savings
£7.5m

6. HighCost Short Term Credit– the 2013 picture
• In 2013 the Short Term High Cost Credit market had;
– 1.6 million customers
– Who took out 10 million loans
– With a total value of £2.5billion
– Theaverage loan was £260
– Each customertaking an averageof 6 loans

7. HighCost Short Term Credit– Call to Action
In 2013 many voices in civil society called for action on high cost credit
TheArchbishop of CanterburyJustin Welbystated his ambition to makecontroversial highcost lenders redundant

8. StreetUK & St Martins Partnership
• Partnership formed in 2014
• Provide platform for Street UK expansion
• Offer affordable finance as alternative to High Cost Short Term Credit
• Launch online lending platform
• Model a different approach to High Cost Short Term lending

9. HighCost Short Term Credit–2013 cost of credit
Source (Moneysupermarket.com2013)
Lender Loan
Amount
Totalcharge
for credit
Total
repayable
Term of
loan
Representative
APR
Wonga £100 £14.79 £114.79 15days 4,214%
PaydayUK £100 £25 £125 28days 1,737%
QuickQuid £100 £25 £125 28days 1,734%
PaydayExpress £100 £25 £125 28days 1,737%
KwikCash £100 £25 £125 28days 1,737%

10. FCAPrice CAP
0.8%
Per Day
When loans are taken out or rolled
over, the interest andfees charged
must not exceed0.8% per dayof the
amount borrowed.
TOTAL
COST CAP
100%
of amountborrowed
(applying toallinterest,
fees andcharges)
Borrowers must never have
topay backmore in fees
andinterest that 100% of
what theyborrowed.
£15
Default fees
If borrowers default, fees must not
exceed £15. Firmscan continue to
charge interest after default, but not
above the initial rate.

11. FCAPrice CAPImpact
• Several lenders exiting market
• Reduction in APR–only to the CAP
• Transparency in charges for customers
• Are the changes enough?

12. Online Lending Platform
• Ethical lending platform
• Access to affordable credit
• Extended repayment periods
• Financial education and advice

13. How we compare
Comparison
• Amount
• Term
• Cost ofcredit
• Fees
• RepresentativeAPR
Wonga
• £400
• 3 Months
• £145.20
• Fees Apply
• 1262%
Satsuma
• £400
• 3 Months
• £172.39
• No Fee
• 845%
streetUK
• £400
• 3 Months
• £62.31
• No Fee
• 201%

14. What our customerssay
98% of our customers
rate our service as
good or excellent.
“Brilliantquickandveryaffordable.Recommend...”
“Greatreallyhelpfulappliedforloanandreceiveditby4pmsameday”
“Itonlytookafewminutestoagreemyloan”
“Reallygoodcustomerservice.EasyandquickandcheaperthanWonga”
“Reallygreatserviceandlovelyhelpfulstaff!Would deforecommend”

15. Thankyou
• To all who have supported Street UK over the last 16 years
• To those who have supported Street UK and St Martin’s over the last 2 years in
developing the Online Platform, especially
– ourcustomers and staff
– ourinvestors, including Esmee Fairbairn Foundation, Barrow Cadbury Trust,
Big Issue Invest and our angelsyndicates and investors
– To all of you for joining us today to mark the launch