Loan Shark Clampdown - is it coming fast enough?
"There are many wise and welcome moves against predatory loan shark practice in the proposed changes to the Credit Contracts and Consumer Finance Act announced this week - see more "
Government announced Loan Shark Clampdown
"Loan shark crackdown includes interest & fee caps, fit & proper person test and tougher penalties, Commerce & Consumer Affairs Minister Kris Faafoi say - see more "
Summary of upcoming changes to the Credit Contracts and Consumer Finance Act is found here.
Loan shark net tightens, but holes still remain. Ngā Tāngata Microfinance comments on the Minister for Commerce and Consumer Affairs announcement,... see more.
The External Evaluation 2016 is shared here.
Newsroom video interview with Dr M Claire Dale
Dale Owen has made a short video on loan shark practices in Auckland. The video includes comments by our founder - Dr M Claire Dale.
Commerce Commission - decrease in the mobile truck businesses
When reporting the biggest fine handed down so far to a mobile truck business the commission commented that of the 32 traders listed in 2015, 18 have closed.
Translation of our information brochure, into Samoan. Now available.
Ngā Tangata Microfinance Trust offers small, safe, fair loans to qualifying applicants. No interest or fees are charged on the loans, conditions apply. Two types of loans are available through Ngā Tangata Microfinance Trust, for more information talk to your budgeting advisor. No Interest Loan (NILS) can be used to make asset purchases, and the Debt Relief Loan (DRLS) provides relief from high interest debt (including debt consolidation).
Vision
Ngā Tangata Microfinance Trusts’ vision is to build a just and equitable society, by promoting the economic and social inclusion of those living in Aotearoa New Zealand, particularly those on low incomes. This will be achieved by advocating for and assisting in the provision of safe and fair affordable finance options that strengthen financial capability, and by critiquing structural and economic forms of financial exclusion.