RCC Impact Report 2021

N I L S - NO I N T E R E S T L OAN S

NO I N T E R E S T L OAN S

32 Loans Issued $1,003

A Team of very dedicated volunteers leads the NILs program across Redlands and Wynnum / Manly .

Average Loan Amount

The program supports financially disadvantaged to obtain a No Interest Loan by actively assisting people with their application , budget preparation and compiling the necessary documentation to progress the loan approval . The NILs program plays an important role in advocating for clients who would not normally qualify for a regular bank loan . NILs provides a safe and manageable form of credit for necessary items like white goods , car repairs and registration , medical equipment , school needs and furniture .

$38,264.00* Over 600 hours was provided by three dedicated volunteers for NILs

*Funds are provided by Good Shepherd

R E S I L I ENC E

Payday lenders are the reason we advocate so strongly for our clients and the major factor in the Centre retaining this much needed program .

NILs provides a respectful and inclusive service that supports community members to obtain safe and reliable credit when a crisis hits . People accessing NILs can ' t often apply for a loan through mainstream credit providers and often have to revert to payday lenders at high credit .

Table 5 - Loan Usage

Furniture 4 . 2 %

WE L L - B E I NG

Educational 8 . 3 %

Medical 4 . 2 %

People assisted by NILs are supported through the process and immediate crisis to obtain the item / s needed . Often NILs is accessed by people experiencing financial hardship due to DFV . The Loan provides certainty and essential items for the household / family to restart their lives .

White Goods 50 %

Car Registration 20 . 8 %

CAPAC I T Y

Car Repairs 12 . 5 %

Once a NILs loan is successfully paid down clients have a great sense of achievement . Often returning for other items that they need and which make their lives richer ; creating better educational and medical outcomes . Car repairs and registration provide enhanced employment opportunities .

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