Good Shepherd Microfinance has welcomed the Australian Government’s review into high cost payday loans and consumer leases.
BNZ, Good Shepherd NZ, Ministry of Social Development and The Salvation Army have launched the second stage of their successful Community Finance initiative – the No Interest Loan Scheme.
Figures showing almost half of Radio Rentals’ $197 million revenue comes directly from Centrelink payments have led Good Shepherd Microfinance to call for a new “responsible referral framework” to be introduced into the consumer lease industry.
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.
With parents paying out hundreds of dollars before their child even begins the school year, families on low incomes are finding it increasingly difficult to find money for the growing list of must-haves, which in many cases now includes a laptop or tablet.
With four kids aged eight and under, washing clothes is a daily part of life for Candiannd and husband Sean.
Stacey was travelling two hours a day to visit her infant son in hospital for several months, and needed dependable transport to make the journey.
Ray plans to use his final matched savings to visit his son and extended family back in Queensland as he hasn’t seen them for three years.