Initiatives to give no an low interest loans to low income earners and get young people off benefits has been welcomed by the Tauranga Advisory Service.Social Development Minster Anne Tolley said $111.5 million of operating funding had been allocated over four years to support New Zealanders to gain sustainable employment. The Government would also pump in $4.2 million so more low income families could access low and no interest loans as part of its Community Finance partnership—which BNZ pledged $60million to.
Tauranga Budget Advisory Service manager Diane Bruin said the announcements “were great”. The high interest repayments often crippled people and often the most vulnerable communities were at risk.
“We want an option for those people in hardship to make the purchases and not be taken in.”
~Sonya Bateson, Bay of Plenty Times
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