Microfinance – affordable credit

No-interest loan schemes for low income families and other microfinance initiatives are an excellent way to help families escape debt traps and build their wealth and incomes. NZCCSS has been part of the development of Nga Tangata Microfinance, which won the Sustainable Business of the Year Award in 2013.

The Salvation Army, Good Shepherd NZ and the BNZ are working with the Ministry of Social Development to implement a Community Finance Low-income Loans Scheme due to begin October 2014.