Good Money has celebrated the first birthday of its Salisbury store in style, with a visit from the Minister for Communities and Social Inclusion, the Hon. Zoe Bettison MP, and journalists from channels Nine and Seven.
Minister Bettison joined Good Money clients and staff to cut a birthday cake and reflect on the contribution the store has made to the local community in its first year.
Since opening its doors in John Street, Salisbury, Good Money has helped more than 2,000 northern suburbs households. The store offers low-cost financial products and services, providing an alternative to payday lenders and ‘rent to buy’ schemes for people on low incomes.
More than 200 households have accessed no and low interest loans offered through the Good Money store, mostly for vehicle repairs, furniture, computers, household appliances and whitegoods. A further 2,095 households have benefited from financial conversations that take place with the Good Money team.
In addition to northern suburbs residents, customers have travelled from as far as Renmark, Ardrossan and Woodcroft to access the store’s innovative products and services.
Minster Bettison said “Good Money has established itself within the local community as a trusted organisation where individuals and families can get sound advice and access to responsible products.”
“For many households, the cost of living and financial demands are increasing and it’s vital that a service like Good Money is available so those vulnerable don’t turn to payday lenders as a quick fix,” she said.
Good Money is a three-way partnership between Good Shepherd Microfinance, the National Australia Bank (NAB) and the South Australian Government.