Community finance is a term used to describe a means of obtaining capital for individuals, non-profit organisations and social enterprises, enabling them to achieve their goals.

The aim is for communities and individuals to help each other to find innovative financial solutions in situations where traditional financial options may be inaccessible or inappropriate.

In this section you will find current news, resources and other information on the topic of community finance.

Below are a number of useful websites you can visit to find out more about community finance solutions.

The Community Finance Portal provides information on community finance and an easy-to-use tool to decide which community finance option is right for you.

No Interest Loans Scheme (NILS)

NILS is a micro-finance scheme for people on low income. Small loans are available for household goods such as a fridge or washing machine.

StepUP loans

StepUP is an extension of the NILS scheme. It provides an actual bank loan at a discounted interest rate for people on low income.

AddsUP Matched Savings Plan

The AddsUP saving scheme further is available to people who have successfully complete either the NILS or Step Up scheme. The scheme provides up to dollar for dollar matching of saving.

Good Shepherd Microfinance has produced The Microfinance, Inclusion and Economic Growth Report. The report found that if just 7% of Australia’s financially excluded were able to improve their wealth position, the nation’s annual gross domestic product (GDP) could increase by a staggering $19.7...

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