"Community Finance will help people with borrowing for assets they need for employment, education and a better quality of life," says Mrs Bennett.
"This is another way we are helping families to help themselves become financially independent, by offering sustainable borrowing that avoids spiralling debt."
"Community Finance is an excellent public-private partnership between the Bank of
"Together, our aim is to help low-income families and individuals build up their asset base and achieve greater financial knowledge and skills. Too many people on low incomes feel they have no other option but to borrow from unethical lenders who overinflate their prices and charge exorbitant interest.
"The first Community Finance product is StepUP loans for cars and other goods and services, which are now available to people on low incomes in Manukau City and Waitakere.
"The scheme has begun with a one-year pilot in South and
"People can apply for the loans through the two local branches of The
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