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Community Projects - No Interest Loans Scheme, Orange |
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Many low income households face a major problem if they need to buy an essential household item, but don't have savings and can't get affordable credit. Community groups have devised 'No Interest Loan Schemes' (NILS ®) to solve this problem. A typical NILS ® loan is for around $800 - $1200 for a whitegoods, furniture, medical appliances or any other essential household item. As loans are repaid over 12-18 months, the money is lent out again to other people in the community. Forbes Gilgandra Orange NILS ® |
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06/09/2010 | Contact Us |
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