Yes, that means no shareholders and investors to squeeze out profits through predatory lending.
Peer to peer financial services. These could be your employees!
Protected savings deposits under the Financial Services Compensation Scheme (FSCS)*
Income generated from lending activities goes back as dividends** on savings to members.
* The Financial Services Compensation Scheme (FSCS) protects up to £85,000 per depositor per provider. More information at www.fscs.org.uk.
** Members have the possibility of earning dividends offered as a percentage paid on accumulated savings. The rate of dividend is decided democratically at the annual general meeting where each member has a vote.