Offering fee-free, low-interest, and no-interest loans to low income families to help them manage debt.
What Community Finance is all about
When you're in a tough situation, getting traditional bank loans can be difficult, which means you can be forced to take out loans with other providers at very high interest rates and fees.
We want to help people stay away from unscrupulous lenders, so we’ve committed $60m of capital to a community finance programme, in partnership with Good Shepherd, Ministry of Social Development and community partners like The Salvation Army.
We offer people on low incomes fee-free, low-interest, and no-interest loans, called ‘StepUP’ loans and ‘NILS’ loans.