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 our First Loan recipient receiving his cheque |
During 2007 Canefields Clubhouse recognised the need for the provision of safe, fair and affordable credit, without interest or fees being made available to people living with a mental illness on low incomes. The introduction of the No Interest Loans Scheme commenced in 2008 further enhancing the support network provided by Canefields Clubhouse, offering people living with a mental illness the opportunity to improve financial capabilities and enhance community participation. No Interest Loan Scheme (NILS) At last it is here! As of the 3rd of August the Canefields Clubhouse No Interest Loan Scheme is ready to go! The No Interest Loans Scheme (NILS) is a registered trademark with Good Shepherd Youth and Family Services. Good Shepherd Youth and Family Services has Been involved in the development and expansion of No Interest Loans program since there inception. in 1981 Good Shepherd Youth and Family Services started its first The No Interest Loans Scheme in Victoria, with the funding, foresight, vision and generosity of Good Shepherd Sisters. at the end of 1997, the Victorian NILS network assumed responsibility for the ongoing development and coordination of this work. this project has resulted in the significant growth in The No Interest Loans Scheme based on the Good Shepherd model throughout Australia. What is NILS? The Canefields No Interest Loan Scheme offers people on low incomes the opportunity to access credit for essential household items without any fees, charges or interest payments. The No Interest Loan Scheme is committed to achieving a more just and equitable society for people living on low incomes with a mental illness. It promotes economic and social participation in a market which has resulted in structural and financial forms of exclusion. NILS is a registered trademark with Good Shepherd Youth & Family Service. Good Shepherd Youth and Family Service has been involved in the development and expansion of No Interest Loan programs since their inception. How to get a NILS Loan a) Applicants must be living at their current residential address for no less than 12 months, and have a diagnosed mental illness. b) Applicants must reside within the defined boundaries of the targeted geographical area of the scheme: Beenleigh, Bethania, Eagleby, Edens Landing, Holmview, Mt Warren Park, Waterford, Logan City and Beaudesert. c) Applicants must be able to provide documentation to establish eligibility for a loan interview. d) Contact Canefields on (07) 3807 0951 for an interview. Purpose of the Loan To provide access to essential items for low income earners who have a mental illness. The applicant’s financial, medical, family and residential circumstances will be considered in order to determine whether the item is essential. The loan will not be given to pay off other debts or bills. The Loan will only be for $800.00 unless under special circumstances. How Will I Repay My Loan? Repayment plans will be designed to suit an individual’s financial circumstances. payments can be paid off in up to 2 years so payments do not need to be a large sum.
If you wish to Enquire more
about this program please call Canefields Clubhouse
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