On the 12th day of Christmas my no interest loan was approved for a new bed and a wardrobe.

After Cherryl’s husband unexpectedly passed away, she was left as the sole carer of her 10-year-old daughter Chante. With very little income to pay their bills, she ended up with a bad credit rating and couldn’t access mainstream credit.

Cherryl found out about NILS through Good Money Dandenong. With a NILS loan, Cherryl was able to buy a new bed, as she had been sharing a single bed with her daughter.

She was also able to buy a wardrobe, a laptop for Chante's studies and a mobile phone within the $1200 loan amount.

Now, Cherryl is happy and hopeful and is set to repay the loan in two months. She plans to take out a second loan to buy a couch and maybe a television if she can afford it!

The No Interest Loan Scheme (NILS) provides individuals and families on a low income access to safe, fair and affordable credit. Loans start from $300 up to $1200 for essential goods and services. To find out more, call 13 NILS (13 6457) or www.nils.com.au

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