NILS publically nominated as one of Australia’s best philanthropic stories


For the month of October, Good Shepherd Microfinance’s No Interest Loan Scheme (NILS) is being celebrated as one of ‘Australia’s Top 50 Philanthropic Gifts’ in the whole of Australian history. It is with great pride that NILS is a finalist of 700 publically nominated stories.

The impact of NILS was acknowledged by the panel, because it is a great story of giving, and because of the significant and positive impact on the lives of many low incomes individuals, families and communities across the country. The positive impact of NILS has increased through the support of the Ian Potter Foundation, since their initial gift in 1992 which helped to scale NILS to a national scheme. Now, 32 years later, the NILS provider network has expanded to 602 locations, through 258 community partnerships.

In just the last financial year, the national NILS network wrote 22,349 loans to the value of $20.8 million:

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Now, NILS is involved in a second round of public voting to be acknowledged as the “Public Choice Awards – Top 10 Philanthropic Gifts”. Please vote to ensure financial inclusion remains a priority for Australian philanthropists and the general public. Voting is open until Monday 28 October:

If you wish to show your support and follow the voting process on social media use the hashtag: #Top50Gifts. 

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