On Air One to Three Christy Dehaven | 1:00pm - 3:00pm

Idea for Manx interest free loans company sparked by 2016 film

Founder of Argid hoping IoM will be 'test bed' for concept

One of the UK’s first ‘altruistic lenders’ says it’s aiming to improve the lives of the ‘under-banked and under-served’ on the Isle of Man.

Argid has been launched here – the peer-to-peer lending company describes itself as an alternative to pay day lending.

It’s been inspired by the 2016 Ken Loach film ‘I, Daniel Blake’ which told the story of a man who was denied benefits despite being declared unfit to work.

Founder Saqhib Ali says at a time when cost-of-living is high he’s hopeful it will support the financially vulnerable:

More from Isle of Man News