Victorian Government continues to invest in Good Money

A $7.2 million Victorian Government investment will ensure Good Money continues to offer inclusive, fair and suitable financial services to people on low incomes from its three Victorian shop fronts.

Since 2012 Good Money has offered no interest and low interest loans to pay for life’s essentials like fridges, washing machines, computers, and education and medical expenses.

Good Money is an innovative partnership between Good Shepherd Microfinance, National Australia Bank and the Victorian Government deigned to promote financial inclusion by offering people on low incomes a viable alternative to high cost payday lenders.

Our research shows that 92 per cent of clients felt they were better able to budget after speaking with the Good Money team, and 93 per cent said they felt more confident about handling money.

Following the success of its three Victorian stores, and thanks to the support of the South Australian Government, Good Money will be opening a new store in Salisbury, South Australia in August 2015.

Good Money provides safe and affordable financial services for people on low incomes from its retail stores at:

  • 250 Lonsdale St, Dandenong
  • 104 Moorabool, Geelong
  • 340 Smith Street, Collingwood
  • 58 John Street, Salisbury (from August 2015)

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Minister for Families and Children, The Hon. Jenny Mikakos, and Member for Dandenong, Gabrielle Williams MP, joined the team at Good Money Dandenong to celebrate their Government’s leading commitment to inclusive, fair and suitable financial services.

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