Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

The Good Shop to tackle payday lenders in Porirua

10 July 2019



The Good Shop Porirua launched this morning with representatives from The Salvation Army, BNZ, Ministry of Social Development, Countdown, and The Warehouse Group

The official launch of the second Good Shop truck on the streets of Porirua this morning marks the next milestone in the programme, run by The Salvation Army and supported by the Bank of New Zealand (BNZ) and other great Kiwi organisations to tackle predatory lending.

The Good Shop takes on the mobile traders who prey on vulnerable communities with inflated prices and high-cost credit. It offers access to practical financial advice, food, and quality household goods available on interest-free loans, supported by BNZ and Good Shepherd NZ.

BNZ CEO Angie Mentis says: “We are so pleased to be able to extend the amazing work being done with The Good Shop to a new region after seeing clear benefits from the communities we are serving in the South Auckland pilot since February.

“The Good Shop is an innovative response and is tackling payday lenders head-on, disrupting their business model and driving them out of these important communities,” says Mentis.

BNZ is committed to facilitating the no-interest lending available from The Good Shop, with a total of $60 million in lending available to support initiatives like this and its Community Finance programme, which it provides with Good Shepherd NZ. Community Finance provides no and low-interest loans through community organisations around the country, and over the last four years has saved people more than $2 million in interest fees.



The first Good Shop hit the road in Manurewa, Auckland, in February and has been in strong demand from the community. The new truck will be out on the streets of East Porirua from today.

The Good Shop is part of BNZ’s Great Things programme of initiatives to help improve the financial wellbeing of New Zealanders through community support, financial wellbeing tools and partnerships.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Emission Statement: 'Consensus Reached' On Agriculture

Today the Government launched a consultation document, informed by the work of the Interim Climate Change Committee (ICCC), on how to bring agriculture into the emissions trading scheme, a key part of the Government’s plan to tackle climate change and reduce New Zealand’s emissions.

Agricultural emissions make up nearly half of New Zealand’s total emissions profile and are the largest contributor to greenhouse gas emissions in New Zealand. More>>

 

Gordon Campbell: On What’s Wrong With Wellington

For many Wellingtonians, it hasn’t been the normal hardships – the workings of central government and the lousy weather – that have recently pushed their tolerance into the red zone. It has been the inability of local government to maintain even the basics. More>>

ALSO:

$1m Compensation Paid: First Gun Ban Event In Christchurch

The Police Minister says the first ever firearms collection event in Christchurch over the weekend was a huge success. But Stuart Nash had concerns about whether the participation reflected the number of weapons in the region. More>>

ALSO:

The Kids: Youth Parliament 2019 Event Kicks Off

120 Youth MPs and 20 Youth Press Gallery members have gathered in Wellington to attend the two-day Youth Parliament event ... More>>

Friends Like These: Foreign Minister To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. today for talks with senior members of the US Administration, and to attend the Ministerial to Advance Religious Freedom. More>>

ALSO:

Gordon Campbell: On The Aussie Banks’ Latest Fee Hike Excuse

When the Reserve Bank sought feedback on its plans to require the country’s major banks to raise their capital reserves then you might have expected the banks to whine and complain. And so they have. More>>

ALSO:

Sitting On Defence: Terms Of Reference For Defence Estate Review

“The 81,000 hectare Defence estate is at a crossroads; much of it is run down, and outdated,” says Ron Mark. “It needs to be improved in order to gain, train and retain our service people, now and into the future." More>>

ALSO:

Meng Foon: Retiring Gisborne Mayor To Be Race Relations Commissioner

Andrew Little: “He has an outstanding record as a relationship builder and walks comfortably in the pākehā world, the Māori world, the Chinese community and other communities making up New Zealand." More>>

ALSO:

NCEA: Students Granted Qualifications After Fees Scrapped

Almost 150,000 current and former students with unpaid NCEA fees have today been formally awarded their NCEA credits or qualifications. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels