Media Release by The Hon Jenny Macklin MP

No interest loans for families under pressure

More families in Victoria, Queensland and New South Wales who are struggling financially will be given help to get back on their feet thanks to the Gillard Government’s support for the No Interest Loan Scheme (NILS(R)).

Twenty-two service providers across the three states will share in more than $920,000 of Australian Government funding to help expand their services and provide more no-interest loans to eligible low income workers.

The Good Shepherd Youth and Family Services runs the scheme with funding from the Australian Government and NAB, and works in partnership with a range of organisations to deliver the scheme in local communities.

This is the first stage of an $11.7 million Government funding injection into the No Interest Loan Scheme which will enable community organisations to give an additional 5,500 loans to people in need.

Further funding announcements in other states and territories will be made in the coming months.

This expansion is part of the Government’s $33 million commitment to matched savings and loan schemes for low income Australians.

Many families and individuals across Australia are struggling financially due to mortgage stress, credit card debt and cost of living pressures.

The scheme provides loans of between $800 and $2,000 to allow eligible low-income earners to buy essential household items like refrigerators and washing machines, with a repayment period of between one and one and a half years at zero per cent.

It will be open to anyone who holds a Pension or Health Care Concession card and has been a resident for at least three months in the same location.

The 22 successful service providers are:

Organisation name State Funding Coverage Grant purpose
St Lukes Anglicare VIC $60,000 Central and Northern Victoria NILS support worker
Casey North Community Information & Support Service VIC $55,000 City of Casey NILS coordinator, training
Wimmera Uniting Care VIC $80,000 Horsham, West Wimmera, Hindmarsh, Yarriambiack, Northern Grampians LGAs NILS worker, volunteer training
Communify Queensland Inc. QLD $50,000 Brisbane Inner North/North Western suburbs NILS worker, training, admin
Community Care Beenleigh Districts Inc. QLD $30,000 Beenleigh, Eagleby, Holmview, Bethania, Waterford West, Mount Warren Park, Jacobs Well, Mount Tamborine, Woodridge, Beaudesert NILS worker
Banana Shire Support Centre QLD $60,000 Banana Shire NILS worker, admin costs
Queensland Council of Carers Inc. QLD $100,000 Statewide NILS coordinator, training, admin
Ravenshoe Community Centre INC QLD $20,000 Southern Tablelands NILS worker
Port Douglas Community Services Network Inc. QLD $30,000 Douglas Shire NILS worker
Kuranda Neighbourhood Centre QLD $15,000 Kuranda District NILS coordinator
Muscular Dystrophy Association of QLD Inc. QLD $30,000 Statewide NILS worker, promotion of NILS
Kyabra Community Association Inc. QLD $30,000 Acacia Ridge, Kuraby, Rochedale, Algester, MacGregor, Runcorn, Berrinba, MacKenzie, Salisbury, Calamvale, Mansfield, Stretton, Coopers Plains, Mt Gravatt, Sunnybank, Drewvale, Mt. Gravatt East, Sunnybank Hills, Eight Mile Plane, Parkinson, Upper Mt. Grava NILS worker, training, admin
Logan East Community Neighbourhood Association Inc. QLD $80,000 Logan City NILS coordinator, training
Jimboomba Community Care Association Inc QLD $20,000 Jimboomba, Beaudesert, Rathdowney, Flagstone, Tamborine, Logan Village NILS coordinator, training
Trustees of the Presentation Sisters Wagga NSW $35,000 Campbelltown, Camden and Wollondilly Office space, training
Mount Annan Church Community Services NSW $10,000 Campbelltown, Camden & Wollondilly NILS worker
Winmalee Neighbourhood Centre NSW $12,000 Blue Mountains City NILS worker, office space
Telopea Family Resources Inc. NSW $30,000 Parramatta LGA, East Merrylands and East Guildford Training, promotion of NILS
Anglicare Diocese of Sydney NSW $20,000 Glebe NILS worker
Highlands Community Centres Inc. NSW $20,000 Wingecarribee, Mulwaree NILS worker
Port Kembla Community Project Inc NSW $90,000 City of Wollongong NILS coordinator, training, promotion of NILS
Baptist Community Services NSW $45,000 Shellharbour LGA NILS worker