Eileen had been supported by the budgeting service for 18 months. During this time she had consolidated several small debts. She was working 12 hour shifts for a very low wage. Due to her low income and debts, she had to sell her car for food money. To get to work she used a bicycle. While going to work she fell off her bike and sustained a broken arm.
When her arm healed she went on to a better job, but had to move on from her Housing NZ house. Her new accommodation had to be within biking distance from work. Eileen tried several sources for the required bond money. Desperate to move into a suitable house that she had found, she approached Ngā Tāngata Microfinance and was successful in her ABL loan application because she had been to budgeting for a number of years, and had demonstrated her strong desire to manage her life and take good care of her daughter.
Eileen was able to move with her disabled daughter into secure, affordable accommodation that has provided stability for them both. Eileen repaid the ABL loan as per the agreement. She has increased her confidence in her financial abilities.
Note: all names including those of the loan companies have been changed. Any re-publishing of these case studies need the permission of Ngā Tāngata Microfinance Ltd.