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Tackling the root causes of debt – MyBnk, CSJ Award Winners 2012

MyBnk CEO Lily Lapenna & Forest Gate’s Head MyBnker collect the Preventing Debt Award from the BBC’s June Sarpong.

MyBnk have won an award from respected think-tank, the Centre for Social Justice.

It recognises us as an organisation helping people out of poverty and dependence, and into a life of independence and freedom – challenging the root causes of poverty.

In addition we received £10,000 to continue our important work and now join the CSJ Alliance of over 300 of the most effective grass roots, poverty-fighting organisations.

The dapper MyBnker to the left is Tanvirul Islam of Forest Gate Community School’s MyBnk-in-a-Box. Once a week at lunch break, he opens his bank and helps 100s of pupils save money and experience the world of enterprise – by doing it for real.

Whoop, there it is.


Secretary for Work and Pensions Rt. Hon Iain Duncan Smith MP, presented the ‘Prevention of Debt’ award at JP Morgan’s Great Hall, along with Private Eye Editor Ian Hislop and Alastair Campbell.

Hislop quipped that Tanvirul was the first person he had met in a long time who was proud to be a banker!

Lily Lapenna, MyBnk CEO said:

“Prevention is always, always cheaper than the cure and we are all feeling the affects of the current financial medicine.

Arming our young people with money skills and fostering an entrepreneurial culture is as important as reading, writing and arithmetic”.


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