FIAP – Transition Report

Good Money Store in Cairns Provides Support For People On Low Incomes

More than 110,000 people in Far North Queensland could be eligible to borrow money for essential goods and services and pay no or low interest through the region’s first Good Money community finance store.

Good Money opens today on Mulgrave Road at Bungalow and provides access to the No Interest Loan Scheme (NILS) and the StepUP low interest loan, helping people on low incomes by offering a better alternative to the high fees that come with cash loans and expensive consumer lease contracts.

Creating a Community of Practice in Australia

Since 2016, members of Australia’s Financial Inclusion Action Plan (FIAP) Program in Australia have been working together to address issues of financial inclusion and wellbeing in their respective spheres of influence. One of the key benefits of the program is the opportunity for members to join together in quarterly “Communities of Practice” meetings. These mini-conferences, hosted by our member organisations, bring together organisations from across the country, and from across multiple sectors to discuss key topics in financial inclusion and share lessons.