Australia’s largest microfinance conference to focus on financial hardship in South Australia

Australia’s largest microfinance conference to focus on financial hardship in South Australia

Australia’s microfinance community is on its way to Adelaide for the National No Interest Loan Scheme (NILS) Conference, which is being help at Adelaide Oval over 7th and 8th of June.

Good Shepherd Microfinance’s NILS program offers people with low incomes access to loans ranging from $300 to $1200 for essential goods and services such as white goods, computers and vehicle registration, with no fees, charges or interest.

In 2015, almost 1,000 no interest loans at a value of $879,526 were provided to people living on low incomes in South Australia through Good Shepherd Microfinance’s community providers such as Anglicare, The Salvation Army and Uniting Communities.

The annual National NILS Conference will explore topics such as why financial resilience is more important than ever.

A panel, led by Money Magazine editor Effie Zahos, will discuss a new framework developed by the Centre for Social Impact and NAB to measure financial resilience across the Australian population. The panel will also look at some of emerging issues in this area such as the financial security of older women.

With the Federal Election just a month away, Gerard Brody, CEO of Consumer Action Law Centre, Ross Womersley, CEO of the South Australian Council of Social Services, Professor John Langmore from the Melbourne School of Government, and a local Adelaide microfinance manager Di Wilkins, will discuss policy matters that impact financial inclusion.

Other high-profile researchers, influencers and policy makers speaking at the conference include The Hon Zoe Bettison, South Australian Minister for Communities and Social Inclusion, Dr Christine Nixon, Chair Good Shepherd Microfinance, and Carolyn Curtis, CEO Australian Centre of Social Innovation.

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