Archive: News & Media
“Predatory, high-cost lenders might finally be paying their dues as a recent decision sets an example by ordering refunds of unreasonable credit”
Loan applications to Nga Tāngata Microfinance to cover everyday household costs more than doubled last year. General Manager Natalie Vincent says it shows beneficiaries and low-income earners simply do not have enough to live on or to save.
Some local residents and neighbours are furious a high-cost lender has opened in Wellington near a large social housing complex and next to refugee and migrant support services.