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Microfinance News Archives
Microfinance savings subsidised by NAB (External website)
Wimmera No Interest Loan Scheme WINS Consumer Affairs Victoria Award for 2008
NSW Government announces details of support for NILS - 2 September 2008
Queensland Government announces support for expansion of NILS
Microfinance at the 2020 summit
Welcome recently accredited NILS providers
Media Releases
Kyabra Community Association celebrates first anniversary - 21 May 2009
Wodonga Salvation Army celebrates first anniversary of interest free loans - 21 May 2009
Article by Michael Merrett - NILS and StepUp borrower - 6 May 2009
NAB extend support to NILS to $15 million - 6 May 2009
StepUp Milestone - NSW - 20 February 2009
StepUP Milestone - SA - 20 February 2009
StepUp Milestone - WA - 20 February 2009
News Clippings
Lending a hand - Blue Mountains Gazette 8 July 2009
Borrow at 0% Interest - Penrith Press 17 July 2009
Cash to buy household goods - Campbelltown-Macarthur Advertiser 22/7/09
Surge In Microfinance business - Business News (WA) 21 May 2009
A hand, not a handout Centralian Advocate (NT) 28 April 2009
Interest in Interest Free? Midland Express (Kyneton Vic) 31 March 2009
Helping Hand for valuable service Goulburn Post (NSW) 18 March 2009
Low Income Loans Mt Druitt St Marys Standard (NSW) 18 March 2009
Financial Step Up Blacktown Advocate (NSW) 18 March 2009
Shelter role to help low pay earners Cairns Post (Qld) 4 March 2009
Scheme Takes Off Wimmera Mail Times (Victoria) 9 January 2009
Volunteers Reward Wynnum Herald (Queensland) 10 December 2008
Gift of trust pays back Moonee Valley Community News (Victoria) 9 December 2008
Shelter role to help low pay earners
Wimmera No Interest Loan Scheme WINS Consumer Affairs Victoria Award for 2008
Wimmera No Interest Loan Scheme (WNILS) was one of eight award winners at the Consumer Affairs Victoria (CAV) Awards ceremony held in Melbourne on Thursday November 27 2008.
Consumer Affairs is the state’s leading consumer protection agency. Director of CAV, Dr. Claire Noone suggested that to achieve this CAV relies upon the assistance and support of many community agencies, businesses, industry bodies and individuals across the Victorian community.
The awards honour the important contributions and achievements of agencies such as Wimmera Uniting Care who are working to create an equitable marketplace for consumers and traders.
In accepting the award Robyn Murphy, Program Coordinator said Wimmera No Interest Loan Scheme is a program developed to provide safe and affordable finance to low income earners for the purchase of essential household, medical and educational equipment. It is aiming to empower Wimmera community members to become responsible consumers and seek long term financial solutions.
The award acknowledges the dedication of the volunteers working on the program giving them further credibility as well as giving WNILS increased public recognition for its work with low income earners by offering them a “hand up” when needed.
NSW Government announces support for administration of NILS
Congratulations to the NILS Network of New South Wales, who have recently received details of significant funding to support the administration of NILS in NSW. The announcement follows a long campaign for support, by the members of the network, who are either volunteers, or workers or agencies that take on NILS work on top of other work responsibilities.
Click here to view Media Release that accompanied the announcement by the NSW Minister for Fair Trading, Linda Burney MP.
Queensland Government announces support for expansion of NILS
Congratulations also to the NILS network in Queensland, who have recently received news of Government support for the expansion of NILS in their state. As in New South Wales, the network has so far been dependent on volunteers, or workers taking on extra work, so the announcement is welcomed.
Click to view a letter from the National Microfinance Manager at Good Shepherd, Michelle Sainsbery, which provides more information.
Microfinance at the 2020 Summit
A national Microfinance scheme has been listed among ideas for reducing disadvantage and poverty, in the "Strengthening Communities and Supporting Working Families" Stream at the recent 2020 summit in Canberra.
The initial summit report can be found by clicking here.
A transcript of the subsequent ABC Radio "World Today" item with Ahmed Fahour (NAB) and Michael Yore (Good Shepherd Youth and Family Service) can be found by clicking here.
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Welcome recently accredited NILS providers
Welcome to the following programs that have recently become Accredited NILS providers.
- Community Action in Carole Park, auspice of CAICP Transition NILS (QLD)
Wellbeing Wendouree Communities Inc, auspice of Wellbeing Wendouree NILS (VIC)
- The Trustees of the Society of St Vincent de Paul (NSW), auspice of St Vincent de Paul Society Northern Illawarra NILS (NSW)
- Child and Family Services Ballarat, auspice of Ararat Regional Communities NILS (ARC NILS) (VIC)
- Kangaroo Flat Communiy Group Inc, auspice of Kangaroo Flat NILS (VIC)
- People Living with HIV/AIDS(SA) Inc, auspice of PLWHA NILS (SA)
Congratulations to the following NILS providers who have upgraded their accreditation status recently.
- Salisbury Community Organising Against Poverty Inc, auspice of SCOAP NILS (SA)
Brophy Family and Youth Services, auspice of Hopkins No Interest Loans Scheme, Warrnambool (VIC)
Armidale Neighbourhood Centre Inc, auspice of Armidale Neighbourhood Centre NILS (NSW)
Logan East Community Neighbourhood Association auspice of Logan East NILS (QLD)
Uniting Care Wesley - Port Adelaide Inc.auspice of NILS West Port Adelaide (SA)
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