Good Shepherd Microfinance have produced a short introduction to the No Interest Loan Scheme (NILS).
The No Interest Loan Scheme (NILS) provides individuals and families on low incomes with access to safe, fair and affordable credit.
Loan amounts are between $300 – $1,200 for essential goods and services such as fridges, washing machines or car repairs. Loans are not for cash. Repayments are set up at an affordable amount over 12 – 18 months.