Good Money enables new beginnings

Reza emigrated from Iran in September 2012 with his wife and six-year old son. Reza was hoping to find work and a happier life for his family. For three months, his search for work was unsuccessful, despite his fluent English.

Then Reza applied to work as a Farsi interpreter. He passed his exams with flying colours, however his jobs were in distant suburbs and appointments were often at short notice. He needed a car.

A friend told him about StepUP. Reza hesitated because he had a negative credit rating from overdue insurance fees. As part of his StepUP application, Good Money staff spoke with the insurance company. They managed to clear Reza’s credit history. Reza’s loan was approved for a car. Now he believes every new migrant needs to know about StepUP because “it helped me out of a really bad financial situation. I can now begin a new life for my family”.

 

About Good Money: 

Good Money community finance stores offer safe, affordable and responsible financial services for people on low incomes who are otherwise excluded from mainstream financial services.  Three stand-alone retail shop fronts operate on main streets of Collingwood, Geelong and Dandenong in Victoria, with a fourth store to open in Adelaide early 2015. Good Money is a joint community partnership between Good Shepherd Microfinance, the National Australia Bank (NAB) and the State Government of Victoria. To find out more, visit www.goodmoney.com.au.

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