Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

$4.2 million boost to benefit more low income earners

Hon Anne Tolley
Minister for Social Development
12 October 2016
Media Statement

$4.2 million Community Finance boost to benefit more low income earners

Social Development Minister Anne Tolley says more low income families will be able to access low and no-interest loans, as the Community Finance partnership is rolled out to additional areas across the country.

“The government, the private sector and NGOs have been working together on this initiative, and I’m delighted that more families will be able to access the scheme,” says Mrs Tolley.

“This allows low income earners to steer clear of loan sharks and to avoid finance options with hidden fees and high interest loans which can result in crippling debt.

“Families can apply for the low and no-interest loans to purchase essential home appliances and items to support employment and education such as cars, car repairs and computers. Budgeting advice is also an important part of the service.”

Budget 2016 invested $4.2 million in operating funding over four years to widen the reach of the scheme, which has already been trialled in Waitakere and Manukau in a partnership between government, BNZ, Good Shepherd NZ and the Salvation Army.

Community Finance has now been extended to Whangarei, Mt Wellington in Auckland, Christchurch, Wellington, Palmerston North and Invercargill. Over the next few months it is scheduled to be rolled out in Napier, Hastings, Tauranga, Rotorua, Dunedin and Hamilton.

Good Shepherd and the Salvation Army work with families in the community to give advice and help them access the loans and provide ongoing support, while the BNZ has committed $60 million in lending to the project.

“I want to thank Good Shepherd, the Salvation Army and BNZ for stepping up to partner with MSD in this initiative and I know it will make a difference for many families across the country,” says Mrs Tolley.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Why Herd Immunity Isn’t A Valid Option, And What’s With Our Reluctance To Wear Masks?

Herd immunity has recently bounced back into the headlines as a tool for managing Covid-19, and as a supposed alternative to lockdowns. In the US, a group of scientists was recently brought together in the town of Great Barrington, Massachusetts by a think tank funded by the Koch brothers. The assembled scientists signed the so called Barrington Declaration, which promotes herd immunity as a rational means of re-opening US public schools and the economy at large... More>>

 

Gordon Campbell: On National Being Shafted By Its Own Creation

As it licks its wounds, let’s hope the National Party can still find time to look back with some pride at what it has achieved in Epsom. The Act Party’s nationwide success on Saturday night has been a tribute to National’s foresight, and to its ... More>>

ALSO:

Green Party: 'Fruitful Discussions ... Further Discussions To Have'

The Green Party says there is a negotiation going on with the Labour Party, but there are more discussions to be had. More>>

ALSO:


Border: No Changes To Border Exemptions After Fishing Crew Test Covid-19 Positive

The cases were detected after routine day three testing but the immigration minister and air commodore agree there's no need to change border exemptions. More>>

PSA: Labour-Led Government Has Mandate For Transformation, Equality And Transparency

The Public Service Association welcomes the progressive electoral landslide New Zealand voters delivered on Saturday, and the union says its members look forward to implementing policies that reduce poverty and inequality, support affordable housing ... More>>

ALSO:


Stats NZ: New Report Shows Significant Changes To New Zealand’s Climate

Climate change is already happening in New Zealand and could have a profound impact on future generations of New Zealanders, a new report from the Ministry for the Environment and Stats NZ says. Our atmosphere and climate 2020 , released today, includes analysis ... More>>

ALSO:

Judith Collins: Obese People Must Take Responsibility For 'personal Choices'

National Party leader Judith Collins has described obesity as a weakness and says people should not 'blame systems for personal choices'. More>>

Māori Party: Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory

John Tamihere’s election campaign is on the rise and on track to return the Māori Party to parliament, a new Māori TV poll has revealed. The poll released on 11 October during the seventh and final Māori TV Maori Electoral campaign coverage has Tamihere ... More>>

Gordon Campbell: On Four-Year Terms Of Parliament, And On How The US Courts Are Dismantling Democracy

Last week, the issue of four-year parliamentary terms surfaced again. Infuriatingly, it is being discussed purely in terms of its convenience for political parties. They’d get so much more time to enact their policies, free of scrutiny or sanction by voters ... More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels