Archive: News & Media

Ngā Tāngata Microfinance, a non-profit organization committed to supporting financially vulnerable New Zealanders, welcomes the Commerce Commission’s recent penalty against a lender charging up to 182.5% interest on high-cost loans. The Commission has imposed a $200,000 penalty, underscoring the critical role of the Credit Contracts and Consumer Finance Act (CCCFA) and responsible lending practices in protecting vulnerable borrowers from exploitative financial practices. Considering the penalty Interest charged by that lender, Ngā Tāngata Microfinance reaffirms its commitment to offering ethical, interest-free loans designed to provide New Zealanders with a “hand up” rather than a “hand-out.” The organisation also stresses the vital importance of robust regulatory frameworks like the CCCFA to prevent predatory lending practices that can trap vulnerable borrowers in cycles of debt. See full Press Release below: Press Release

Ngā Tāngata Microfinance Trust is excited to announce the appointment of Vijay Farley-Naiker as its new General Manager. Vijay joins the Trust from Good Shepherd New Zealand, where he served as the Manager – Good Loans for over 4.5 years.

Ngā Tāngata Microfinance Trust (NTMT) is pleased to announce the appointment of Jade Tapsell (Tapuika, Ngati Whakaue, Ngati Pikiao and Ngati Ranginui), as Chief Executive Officer of Ngā Tāngata Microfinance Trust.

"We especially believe financial education should be classified as a human right because households who take greater control over their finances are more likely to enjoy financial success, even during difficult times. Financial education is a survival skill. You simply cannot thrive in today's modern economy without an understanding of money." Read the Declaration

Ngā Tāngata Microfinance CEO Natalie Vincent joins Dr Alexander Stevens on Back Chat with James King, talking money and financial capability in Aotearoa. Listen here

Ngā Tāngata Microfinance CEO Natalie Vincent joins Wallace Chapman on The Panel to discuss the recent Retirement Commission research report which contains recommendations for improving the inequities in our current system. Listen here

Retirement Commissioner Jane Wrightson said a comfortable retirement was not a sure thing anymore. Read full article

The perils of paying later. Ruairi O'Shea from Consumer NZ explores the perils of Buy Now Pay Later and speaks with one of Ngā Tāngata Microfinance's clients about her experience. Read full article

Ngā Tāngata Microfinance Trust celebrates 1000 loans approved to low-income New Zealander's across Aotearoa. $2.5million worth of microloans, supporting 1000 Kiwi and their whānau.  With more we can do more ... Read full article

The fact that bottle stores are even allowed to accept the latest unregulated form of credit has Ngā Tāngata Microfinance Trust chief executive Natalie Vincent worried more harm could befall debt-ridden consumers if action isn’t taken quickly. Read full article