Loans show poor are doing it tough
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.
Payday lender opening causes trouble in central Wellington
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.
Call for more action over pyramid schemes
A not-for-profit group is calling for the Commerce Comission to get tougher on those promoting pyramid schemes in Aotearoa. That comes after the Commission issued a ‘Stop Now’ letter to Shelly Cullen, a promoter of Lion’s Share – a suspected pyramid scheme.
Debt Specialists Collaborate to reduce New Zealander’s personal debt
The Debtfix crew launched with a positive start to 2021, initiating a collaborative hui at Warkworth with major stakeholders who work to reduce New Zealanders’ personal debt.
Ngā Tāngata Microfinance speaks about financial scams targeting the Pacifica communities.
Recently the Commerce Commission and the Financial Markets Authority have announced they will start a campaign to help try and combat as well as educate the Pacifica community on scams. Natalie Vincent from Ngā Tāngata Microfinance talks with Dennis Brown – Emmanuel.
Ngā Tāngata Microfinance general manager speaks about our safe affordable ethical loans
Ngā Tāngata Microfinance and Child Poverty Action Group speak about the danger of high interest debt on low income families in New Zealand. Natalie Vincent, Ngā Tāngata Microfinance’s general manager, speaks about the effect of the inability to save when on a low income.
COVID-19 Puts Families at Greater Risk of Debt Traps
Increased stress and hardship await families if the Coalition Government does not address the needs of those on low incomes, according to Ngā Tāngata Microfinance and Child Poverty Action Group.
Herald article on the Commission for Financial Capability report
The devastating impact of COVID-19 on New Zealand’s finances is already starting to show with 10 per cent of New Zealand households already missing a rent or mortgage repayment and 34 per cent facing financial difficulties. (The research was carried out in April 2020.)
Covid-19 restrictions allows truck shops to operate
Truck shop operators can offer essential items at their usual high interest credit. This creates debts that can result in long term financial difficulties for their customers.
COVID-19 restrictions creating high unemployment rates
Low-interest loan providers braced for surge in demand.