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

 

No Interest Loans Scheme to be Piloted in Canterbury


No Interest Loans Scheme to be Piloted in Canterbury


Aviva (formerly Christchurch Women's Refuge), in partnership with the Good Shepherd New Zealand Trust, will soon be offering a No Interest Loan Scheme (NILS) to Canterbury families who are affected by family violence and are on low incomes.

The 12-month pilot scheme will offer small no interest loans of up to $2,000, together with complementary resources, advice and support, to individuals and families who are on low incomes and unable to access mainstream financial services.

Aviva will manage the service and support clients to assess their financial needs and eligibility for a loan. Capital for the loans will be provided by banks that have agreed to support the scheme. Loans will be offered for essential household goods such as a fridge, bed or washing machine or to meet health and education needs. Loans will not be available to repay existing debt or general living expenses, such as power bills. By providing access to safe, fair and affordable credit, it is expected that loans will enable individuals and families living on low incomes to improve the quality of their lives, strengthen financial capabilities and help end the financial dependence and exclusion so often associated with family violence.

“Financial hardship can escalate the risk of violence where it is already taking place” says Aviva CEO Nicola Woodward. “We believe that access to safe, fair and affordable credit will help to reduce this risk and so create space and incentives for families to become hopeful. When families are excluded financially, as those living on low incomes so often are, it can be hard to envisage an alternative healthy future, free from violence. Furthermore, women who leave violent relationships often experience a loss of finances and possessions. For many, particularly women with children, being able to access the finances needed to help set up a new home will make a real difference.”

The Good Shepherd New Zealand Trust was established in July 2012 to assist marginalised and economically disadvantaged people. It is drawing on over 32 years of experience in Australia of developing and growing the footprint of no and low interest loan programs. Good Shepherd Microfinance Australia has been supporting the development of these programs in NZ for the past three years through Nga Tangata, its first accredited NILS program in New Zealand, and now through its support of the Trust in establishing further microfinance programs here.

“We have been working with The Good Shepherd New Zealand Trust for some months now to develop the scheme here in Canterbury, so were delighted to see that the Government’s latest budget notes the importance of investigating and piloting a partnership with NGOs and financial institutions to support the provision of low and no interest loans for low-income borrowers” says Woodward.

In order to ensure that the scheme reaches as many low income families as possible, the Aviva/Good Shepherd pilot service will be developed in partnership with five other agencies with which Aviva already works closely - He Waka Tapu, Barnardos, the Family Help Trust, START and Relationships Aotearoa.

Ms Fleur Howard, Senior Project Manager for the Good Shepherd New Zealand Trust said its microfinance program in New Zealand aimed to benefit as many people as possible in the future. “We believe that this collaborative approach, which we will test out over the next year, will be the best way to achieve this” said Ms Howard.

If you have concerns about family violence please contact Aviva on 0800 AVIVA NOW (0800 28482 669), 24-hours a day or visit www.avivafamilies.org.nz. In an emergency always call 111.

--ENDS--

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Political Twins, And On Labour Extending Its Wage Subsidy Scheme


A quick quiz for the weekend. Which political party currently represented in Parliament issued a press release yesterday that contained these stirring passages:
“[We have] long supported a free trade and free movement area between Canada, Australia, New Zealand, and the United Kingdom…on trade, immigration and investment, New Zealand must favour countries who share our values. New Zealand must do its part to reinforce freedom and democracy around the world by diversifying our markets and building stronger relationships with those who share our values... More>>

 

Parliament Adjourns: Adjournment Debate: Speaker Trevor Mallard

The 52 Parliament has sat for the last time before the September Election. It sat for 245 days... More>>

ALSO:

E-Cigarettes: Vaping Legislation Passes

Landmark legislation passed today puts New Zealand on track to saving thousands of lives and having a smokefree generation sooner rather than later, Associate Health Minister, Jenny Salesa says. The Smokefree Environments and Regulated Products (Vaping) ... More>>

ALSO:


National: $4 Billion Investment To End Wellington’s Congestion Woes

A National Government will invest another $4 billion in transport infrastructure across Wellington, igniting the economy and delivering the congestion-busting solutions the region has long been crying out for, National Party Leader Judith Collins says. ... More>>

ALSO:

Gordon Campbell: On The Virtues (and Fluffed Opportunities) Of The Operation Burnham Report

One unspoken rule of thumb in any official public inquiry is : whatever you do, don’t conclude you were made to listen to “a litany of lies” even if the evidence of a deliberate cover-up is right there under your nose. In that respect, the report ... More>>

ALSO:


Horizon Research Limited: How Judith Collins Stopped The Bleeding

Horizon Research includes questions on voting from time to time in its surveys – for both forthcoming referenda and general elections. More>>

Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms

As New Zealand gets ready to head to the ballot box this September, 1 NEWS is bringing voters comprehensive coverage and analysis of this year’s General Election. TVNZ’s coverage will draw on the depth of experience held across the 1 NEWS team, says Graeme ... More>>

Economy: 30% Believe Households Worse Off, 298,000 Expect To Lose Jobs

64% of New Zealanders feel the economic position of their households is the same or better than a year ago – and 30% think it is worse or much worse, while 298,000 think they will lose their jobs in the next 12 months. Households’ perceptions ... More>>

State Services Commission: Findings Of Investigation Into COVID-19 Active Cases Privacy Breach

Deputy State Services Commissioner Helene Quilter has today announced the findings of an investigation into a breach of privacy regarding sensitive personal information. The investigation looked into who or what caused the disclosure of the information, ... More>>

International Security: New Zealand Suspends Extradition Treaty With Hong Kong

The New Zealand Government has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China’s decision to pass a national security law for Hong Kong, Foreign Affairs Minister Winston Peters says. More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels