Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Ngā Tangata celebrates 7 years of life-changing impact

Ngā Tangata Microfinance (NTM) is thrilled to have the Hon Carmel Sepuloni, Minister for Social Development and Disability Issues, join its celebration in West Auckland on 23 February.

This marks seven years of collaboration between Ngā Tangata, Kiwibank and services that build financial capability.

Partnering with local budgeting advisors and with capital provided by Kiwibank, NTM has disbursed more than $700,000 in no-interest no-fee loans to more than 320 clients, since operations began in 2011. Nearly 75% of this support brings relief from high-interest debt.

The celebration acknowledges all the partners, associates and supporters who have enabled NTM to reach these milestones, making a real difference for whānau and families.

Particular acknowledgement is made of Kiwibank’s recent announcement of further capital support.

The event will also share the findings of a recent impact evaluation survey which highlighted how NTM’s no-interest loans, alongside budgeting and financial education, were crucial in helping low-income clients break the cycle of debt caused by predatory payday and fringe lenders.

Survey respondents described how the no-interest loans had hugely improved their well-being and peace of mind, and reduced family stress.

"One respondent told us, ‘there is finally light at the end of a long, dark tunnel’," said NTM’s Executive Officer, Robert Choy. That reduction of stress - and the desire for a better future for themselves and their families - was a common theme.

Since starting, NTM has expanded the availability of its interest-free loans to budgeting services in wider Auckland, Northland, Waikato, Bay of Plenty, Gisborne, Manawatu, Levin, Taranaki and Dunedin.

The lack of legislated consumer protection from the fringe lending sector, and the need for relief from debt-induced poverty, signal that NTM will need to continue its mission for more years to come.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Thompson+ Clark, And Russia’s FIFA World Cup

Daily, the coalition government keeps running into examples of the toxic legacy left behind by National – and just as regularly, even the simple fixes are proving stubbornly difficult to enact. Take the case of the security firm Thompson + Clark, which has been employed – time and again - by state agencies over the past decade, to spy on (and provide security against) ordinary New Zealanders engaged in lawful forms of protest. More>>

 

HiveMind: Fair Enough? How Should New Zealanders Be Taxed?

Have Your Say! Scoop and PEP invite you to share your issues, ideas and perspectives on the NZ tax system with other New Zealanders using Scoop’s HiveMind tool. This Tax HiveMind is intended to complement and feed into the review being run by the Government-appointed Tax Working Group (TWG), which is looking at the fairness, balance and structure of the tax system with a 10-year time horizon. More>>

ALSO:

Gordon Campbell: On The GCSB’s Security Hang-Up With Russia

So our GCSB has chimed in, alongside its British, Australian and US allies, with warnings about a “fresh wave” of Russian cyber attacks, although the warning has been curiously framed. More>>

ALSO:

PM's Europe Trip: CHOGM & Bilateral Meetings

Prime Minister Jacinda Ardern is in urope for the Commonwealth Heads of Government Meeting (CHOGM) in London and meetings with counterparts in Paris and Berlin. More>>

ALSO:

Hit And Run: AG Gives Approval For Inquiry

Attorney-General David Parker has today announced a Government Inquiry will be held into Operation Burnham and related events. The operation undertaken in Tirgiran Valley, Afghanistan, ... More>>

ALSO:

Addressing Climate Change: No New Offshore Exploration Permits

The Coalition Government is taking an important step to address climate change and create a clean, green and sustainable future for New Zealand, Prime Minister Jacinda Ardern announced today. More>>

ALSO:

Road Safety Summit: Actions To Improve Identified

The Local Government Road Safety Summit held last week identified actions that will lead to lasting changes to road safety in New Zealand, says Associate Transport Minister Julie Anne Genter. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages