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3 6 out clients who have used payday lenders in the past have stopped using them since accessing NILS.
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Good Shepherd Microfinance acknowledges Aboriginal and Torres Strait Islander people as the lands conservative owners on which we operate and work, and pays respects to their history, their living culture and to Elders past and present. NILS provides a safe and affordable alternative to the lofty cost finance options similar to payday loans or ‘rent to buy’, products which promise ‘quick cash’ but mostly compound a person’s pecuniary situation. While education and medicinal expenses, No Interest Loan Scheme offers people on quite low incomes safe. Washing machines and furniture., without a doubt, our commitment to reconciliation and closing the gap has probably been highlighted by 22 per cent of clients that identify as Aboriginal or Torres Strait Islander people. With women representing 67 per cent of NILS clients, nILS reflects Good Shepherd Microfinance’s focus on stabilizing prospects for women and girls.
Nonetheless, nILS has probably been a leading example of Circular Community Credit.
