Good Shepherd Microfinance

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Good Shepherd Microfinance

Good Shepherd Microfinance is a world leader in financial inclusion products, services and advisory. It offers fair and affordable financial programs to people on low incomes and advisory services with a global reach.

Good Shepherd Microfinance creates people-centred programs that enable clients to realise their own economic wellbeing, as they define it themselves. This approach leaves clients feeling valued and in control of their finances and lives.

Their flagship award-winning program, the No Interest Loan Scheme (NILS), offers people on low incomes safe, fair and affordable loans for essential household goods and services such as fridges, washing machines and car repairs as well as education and medical expenses. NILS is offered in partnership with 240 community organisations in 670 locations across Australia.

NILS has reached more than 400,000 people (181,000 direct clients). Almost 70 per cent of clients are women and 22 per cent are Aboriginal or Torres Strait Islander people. Research shows that four out of five NILS clients are moving away from crisis and hardship towards stability and resilience – achieving economic mobility. In addition, four out of five clients who have used payday lenders in the past have stopped using them since accessing NILS.

The program is supported by the Australian Government as part of its five year, $33.3 million investment in microfinance. Good Shepherd Microfinance also has a long history of partnering with the National Australia Bank and the two organisations share a goal to reach 1 million people with microfinance by 2018. NAB shares its skills, expertise and resources through the partnership including around $34.5 million in loan capital each year.

Good Shepherd Microfinance’s support to the national NILS network includes:

  • Accreditation of NILS providers
  • Funding the NILS network
  • NILS provider training and development
  • NILS policies and procedures
  • NILS quality assurance
  • Promoting NILS best practice
  • Provision of the NILS database
  • Marketing of NILS
  • Research on NILS and financial exclusion
  • Liaison with and reporting to the federal government and state governments on NILS
  • Providing the link between NILS providers and NAB Capital

This page and its contents was written and authorised by Good Shepherd Microfinance – April 2016 – www.goodshepherdmicrofinance.org.au 

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