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Finance with a human face: Exploring Shared Interest's pioneering co-operative model and impact in the fair trade sector with Koolskools

Finance with a human face: Exploring Shared Interest's pioneering co-operative model and impact in the fair trade sector with Koolskools
13 November 2025

On Tuesday, 4th November, Sally Seddon, Shared Interest Partnership Manager, welcomed over 100 guests to our ‘Finance with a human face’ webinar, which marked the second day of Ethical Consumer Week, hosted by Ethical Consumer Magazine.

During the webinar, we addressed a key question of the week: What if all corporations were co-operatives or social enterprises?

In this blog, we explore Shared Interest's pioneering co-operative model, along with case studies of customers we support and an introduction to KoolSkools, followed by a question-and-answer session with Koolskools Managing Director, Andy Ashcroft.

What is Shared Interest?  

  • An ethical investment society established in 1990 in the north-east of England 
  • An ethical lender, which acts co-operatively with investment from over 10,000 UK-based members and Share Capital of £48 million.
  • Headquarters in UK with regional offices in Kenya, Ghana, Peru and Costa Rica
  • Strong supporter of fair trade and a WFTO member
  • Member of The Council on Smallholder Agricultural Finance (CSAF)
  • Recognised with a Queen’s Award three times and a King’s Award

How did we get here?  

A group of Fairtrade pioneers first came up with the concept of Shared Interest in the late 1980s. In 1990, following Shared Interest's establishment, the business held a Share Capital value of £350k, which enabled it to support 13 projects. By 1992, that Share Capital had reached £1m; by 1996, it had reached £10m and by 2020, it had reached £46m. Currently, Shared Interest has around £50m in Share Capital, which is used to lend vital financial support to organisations all over the world.

In 1996 and 1997, Shared Interest began working with some organisations which would become long-standing customers, such as brazil nut co-operative Candela in Peru and honey co-operative Apicoop in Chile.

In 2004, Shared Interest established its sister charity, Shared Interest Foundation, to deliver technical assistance projects with co-operatives.

In 2006, Shared Interest recruited its first colleagues in Kenya and Costa Rica, followed by Peru in 2008, Ghana in 2012 and Cote D’ivoire in 2025. This recruitment enabled Shared Interest to develop a deeper understanding of the needs of producer co-operatives on the ground, and increase the level of our support and responsiveness to challenges.

We currently make payments to 166 producer organisations in 47 countries.

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Our members 

Our model was set up to give people an opportunity to support fair trade producer organisations and form a collaboration, connecting organisations we lend finance to, with like-minded members: individuals in the UK who are supporting us with their investments. 

This is how we unite people who are likely to never meet, but who share a vision of a future of fairness, equality and justice. 

We currently have a community of over 10,000 members in the UK. If you are interested in becoming a member, you can call us  or email us to find out more and our team will be happy to support your queries. If you are ready to take the next step, you can open a Share Account and begin transforming lives today by clicking the button below. 

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Meet Koolskools 

Joining our webinar was Andy Ashcroft, Managing Director of Koolskools, the UK’s only Fairtrade certified supplier of school uniforms.

With a background in the foreign office, Andy has been involved in government-funded development projects in countries such as Zimbabwe and Haiti. During his tenure, Andy was able to observe first-hand how far ‘hard currency’ funds can go in achieving transformative impact within developing communities.

This experience motivated Andy to establish KoolSkools as a practical way to support Fairtrade, organic cotton farmers and factory workers at the root of the supply chain.

When Koolskools was conceptualised in 2010, Andy set out to offer an ethical alternative to the notoriously exploitative global textiles industry and the notoriously profit-driven school uniforms market.

After engaging his first school client in Southampton, where Koolskools was founded, Andy soon realised the importance of sharing his organisation’s story, learning and values among students. Following this, Fairtrade education became a second prerogative of Koolskools, alongside traceable and ethical sourcing practices.

In 2020, Koolskools began producing clothing for Fairtrade universities such as St. Andrews and Glasgow. Today, Koolskools supplies Fairtrade uniforms to 150 schools across the United Kingdom, including 80 schools in Scotland.

Shared Interest and Koolskools 

Our relationship with Koolskools began in 2015, when we supported the business with a buyer credit facility.

Andy said: 

“Shared Interest support is absolutely crucial because as a school uniform business, we are a seasonal business. 

“That means, every year, that the big order we place in the factory in April or May time, we have to pay for it before our sales season starts. So for a small business, that means that’s a huge challenge for cash flow.”

"Under fair trade apparel terms... when you place the order with the factory, you should be putting 50% down. And the idea there is that everybody in the chain, unlike if you have a conventional, fast fashion clothing chain, where the cotton farmers and factory workers get paid last, the idea of fair trade is that all of those people contributing to the chain get paid decent money to start with."

“So, Shared Interest finance is a real lifeline for us as we are wanting to grow the business. And it is an absolute pleasure working with Shared Interest. They do become friends of your business, as I know they become friends with many co-operatives worldwide. You get a dedicated account manager. And they really are with you and want to understand your business.

"We are very grateful as a business to Shared Interest because with our fairly ambitious growth plans, having that breathing space a couple of times a year when we are putting orders into the factory, but our sales season hasn’t yet happened, it’s a real game changer for us.”

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Question and Answer session 

Q. What uniform items do you sell now?

A. In the schools sector, we sell 50% fairtrade-organic cotton and 50% recycled polyester: polos, fleece fabric sweatshirts, cardigans, hoodies. 100% fairtrade-organic cotton t-shirts. We also sell eco (recycled polyester) blazers, eco-friendly P.E kit, eco ties, and many other items under our "fairtrade offset" scheme, where when we have to source "conventional" products here and there, we channel a small amount of the revenue therefrom to fairtrade causes, for example our schools support project.

For university clothing, we sell 50% fairtrade-organic cotton and 50% recycled polyester hoodies, full zipper hoodies, 1/4 zip hoodies, sweatshirts, jogging bottoms, 100% fairtrade-organic cotton chef's aprons and t-shirts. We also sell corporate workwear to these specifications.

Q. Do you also sell to organisations wanting Fairtrade items, or to individuals?

A. Yes, both. We supply a number of businesses, including north link ferries out of Aberdeen, and True Origin, another niche Fairtrade company. There is a "plain garments" page on the Koolskools website for individuals that wish to buy our fairtrade clothing. Click here to find out more. 

Q. Are the cotton farms co-operatives?

A. The farmers are farming as part of individual cotton farming villages, or groups of villages, all under the umbrella of "Chetna Organic", the largest non-for-profit umbrella organic cotton sourcing organisation in the world. Chetna works with over 20,000 small scale cotton farmers across three Indian cotton-growing states, and the organisation assists the farmers to get their cotton to markets, as well as offering training in planet friendly farming and ways of mitigating climate change. I suppose one could loosely describe Chetna Organic as a giant cotton farming cooperative.

Q. Where in India are your factories? 

A. Our factories are in Tamil Nadu, southern India

Q. Andy, is your vision that one day all school uniforms in the UK are provided from ethical producers (whether or not through Koolskools), and that each school in the UK is linked to a school with one of your producer regions?

A. I wish! In our small way we are trying to disrupt the school uniform market, and I think that, particularly in Scotland, where we now have over 80 client schools with numbers growing, the big conventional Scottish suppliers are perhaps beginning to take notice. If one of them were to launch a Fairtrade cotton uniform range, we would consider this a watershed moment for the industry, and a bit of a modest victory for our on-going advocacy and growing business sales. Then, England and Wales would be the next big challenge!

Q. What is the extra cost of Fairtrade school uniforms in the UK? Do you find that some parents struggle with the more expensive Fairtrade uniforms, and have any schools come up with solutions?

A. Parents in economically challenged areas do struggle to afford school uniform. Just as they struggle to afford many of life's necessities. Our deal with the schools and parents is that we are offering a range of good quality garments that enable their children to spend 6 or 7 hours per day, 5 days a week, wearing for 40+ weeks per year, which wash well and last longer than the average item of school clothing.

They also make good "hand-me-downs" for example, so compared with branded, fast fashion garments, they represent much better value for parents.

On solutions: if the uniform is a little more expensive, some schools, particularly in Scotland, innovate. There is a wonderful Fairtrade school in Cupar, Fife, called Castlehill primary, where one of the Fairtrade championing teachers each year runs charity fundraising to part-subsidise their school leavers' hoodies.

Last year, for printed Fairtrade leavers' hoodies costing £24.95, the teacher was able to offer each parent an £8 subsidy from the charity fund-raising exercise. Now that is the true spirit of Fairtrade in action!

Invest in a fairer world

We hope you have enjoyed this blog which reflects on our webinar, hosted as part of the sixth annual Ethical Consumer Conference. If you would like to learn more about Koolskools or you have an interest in purchasing high quality, Fairtrade, organic cotton uniform, you can visit the Koolskools website here.

The ability of Shared Interest to support socially and environmentally responsible businesses such as Koolskools, is dependent on the generous investments of our passionate community of members in the UK.

In 2025, Shared Interest supported 165 organisations with access to fair finance, empowering the livelihoods of 7,900 employees and almost 400,000 farmers and artisans across the globe.

Join our community and make your money make a difference.

Open a Share Account today and help to create a fairer world for the future.

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