Unlv has been awarded $4.3 million in funding from the U.K. government for its loan programme.
The money will help the organisation provide more financial aid to more people in need, the bank said in a statement.
Unlv is the third bank in the world to receive the funding, which will help fund more financial assistance for those in need.
The money will be used to increase the bank’s lending capacity, increase the number of people who can access the loans it provides, and improve the overall financial situation of its customers.
“This grant provides a crucial boost to Unlv’s efforts to address the financial challenge facing its members and customers,” Unlv said.
Unlv’s loan programme is one of the most significant in Europe.
It offers financial aid for those who have made their first or second payment of their loans and are in a higher-income group.
At the same time, Unlv aims to offer a more sustainable and secure lending model.
It has already expanded the range of loans available to its members, including for people who have been out of work for a prolonged period.
Read more: Unlv loan programme to expand range of mortgages to people in higher income groups, with new types of loans for people with limited savings, Unllv said in its announcement.
In 2015, the UBS-backed bank said that it would also offer financial aid with a range of lower-income mortgages, including to people who were unemployed or living in low-income households.
This grant will help Unlv to increase its loan capacity and improve its financial situation, the banking giant said.
“This funding will help to meet Unlvs goals to support over 200,000 customers with financial assistance to meet the basic needs of their families and businesses,” the bank added.
Last month, Univoc announced a €2.5 million loan to help with the financing of the bank.