To assist the socially excluded, by offering them an alternative way of banking, whilst helping them stay in control of their finances.


Raised of £100,000 target


Days left


Fund it This project is using Flexible funding and will receive all pledges made by 3:00pm 10th November 2016

Project owner

Legesi CIC is a new start up not-for-profit financial service provider that was set up to serve Luton and in particular, Farley Hill and Marsh Farm, two communities that are within the 10% most deprived areas of the UK. Legesi CIC’s goal is to alleviate debt by providing access to financial services and offering, Debt Management Advice (DMA), DMP (Debt Management Plan) and a free no credit check 100% appetence pre-paid debit master card, which will be distributed through an online website, Facebook page, a network of service agencies and programs that serve our target population groups. Our services include DMA, DMP and pre-paid debit/credit cards. Our client base is the unemployed, sick/disabled and low-income people and families with children. 

It is estimated that the number of people who will require financial services will increase during the next five years. Luton is a growing borough and a number of new families are entering the area to look for employment. A number of programs exist to help transition these new families and Legesi CIC is an important resource to these programs because we can respond quickly with the important resources of DMA and DMP

Our services and products will improve the ability for families to become debt free and achieve financial self-sufficiency. Legesi CIC services, now, are a small investment in comparison to the cost of ignoring the problem of debt in the borough Luton and the influence it has on a number of health and crime issues.

We aim to utilise a Prepaid MasterCard Scheme to help those who are experiencing hardship, unable to open bank accounts or even shop online. The government is in the process of issuing letters to those in recipt of benefits advising them to open bank accounts for their benefit payments to be paid into, the contract the government have with the Post Office is due to end in 2021 and they now require everyone claiming benefits to open a bank account, however, many of these people will not able to comply with this, (2.3 million use a post office account), so those claiming benefit payments or on a low income can utilise the Legesi Card for this very purpose. 

It is estimated that the number of people who will require financial services from Legesi CIC will increase by 7% over the next 5 years. Our services and products seek to address and improve the ability for families to become debt free and achieve financial self-sufficiency.

Our idea to reduce debt and restrictions to financial services by distributing prepaid MasterCard’s and Debt Management Advice/Plans to approximately 40% of Farley Hill and 40% of Marsh Farm residents from a central community facility in both Farley Hill and Marsh Farm. Most of these people will be low-incomes families, those in receipt of benefits, those who cannot access a bank account and/or need immediate help with debt/financial difficulties that our new program will help.

The funds raised through this crowdfunding site will help towards creating 2-3 new jobs, the start up cost of the card platform, branding and the supply of the first 10,000 cards, these will be given out free to members within the 2 communities. If successful in Luton Legesi CIC aims to open the scheme across the UK including Northern Ireland.

Legesi CIC’s solution to address debt and restrictions to financial/bank services is to distribute its products and services from a central community facility in both areas, Farley Hill and Marsh Farm. In addition, non-profit organisations and charities running DMA/DMP programs in the town will help distribute the Legesi pre-paid credit/debit cards. The Individuals or families receiving a Debt Management Plan will be provided with a pre-paid credit/debit card. The Legesi pre-paid debit/credit card will be used to set up direct debits to pay the monthly-agreed sum set in the DMP. People can also use the card to have their wages or benefits paid directly on to the card, mitigating the need for a bank account whilst being able set up direct debits without the worry of additional charges if there are not enough funds on card making further savings. Likewise, the card can be used to shop online which would save money in terms of petrol, bus/taxi fares and be beneficial to busy mums, carers, and those with disabilities. Other benefits of the card include contactless payment so can it be used in retail outlets, restaurants, earn cash back, pay utility bills online or via a smart/mobile phone, and the card can be topped up at any one of the 35 million pay points throughout the UK.

Luton is the poorest area in the East of England, 34% of the 202,700 population are unemployed, and 14.5% of working age adults claim benefits. Unemployment is particularly high in five wards, these areas have poverty, and debt rates double the regional average.

Profits made from the Legesi Cards will be invested back into the neighbourhoods to help build better, safer, friendlier  communities with better prospect's for all.

A Legesi Prepaid card will look like a credit or debit card, with a card number, a chip & pin and a signature strip. But unlike credit and debit cards, a Legesi Card will not provide a source of credit. A Legesi Card will have some of the same great benefits other cards have, such as faster payments in/out of your account and cashback, whilst helping you stay in complete control of your finances. 

No credit checks are necessary with a 100% guarantee of acceptance.

You will be able to use the Legesi Card at over 35 million locations and withdraw cash from over 1.9 million cash machines worldwide – wherever you see the MasterCard Acceptance mark.       

Have wages, benefits or pensions paid directly onto the Legesi Card account, this can  be done by contacting your employer or payment issuer and providing them with your Legesi Card account details.

Like credit or debit cards, the Legesi card could be used to buy goods and services. 

Fees and charges may be applied to the cards when you pay into your account, or on the purchases you make with your card and on ATM withdrawals, Legesi CIC aims to keep these charges minimal and due to Legesi CIC's social aims we will not be compromised by the need to make a profit.        

All Support Greatly Appreciated