Loan program to help women rebuild lives
TENS of thousands of women escaping family violence will have access to a $14.9 million program providing zero-interest loans to help them rebuild their lives.
Good Shepherd Microfinance welcomed a federal government commitment to expand the national No Interest Loan Scheme (NILS) and provide safe, affordable loans up to $2000 to victims of domestic and family violence.
Good Shepherd Microfinance chief executive Peter McNamara said 90 per cent of family violence cases also involved financial abuse.
“Women who want to leave a violent partner are often put off by the expense of finding somewhere safe to live,” Mr McNamara said.
“They may not have their own income or savings, often they’ve been saddled with their partner’s debts and don’t know how they can afford to restart their lives.
“For many, it’s a big reason why they can’t leave an abusive relationship. Our no interest loans will help thousands of domestic violence victims pay for all sorts of essentials like bond or rent, furniture and whitegoods, car registration or a computer so they can work, buying school gear for the kids, or covering medical bills.”
To find the nearest NILS provider, visit nils.com.au