Ngā Tāngata Microfinance offers two types of small, safe, fair loans to qualifying applicants.

Debt Relief (DRL) provides relief from high-interest debt (including debt consolidation) and
Asset Building (ABL) can be used to for family asset building and well being.

There are no interest or fees are charged on the loans. However, successful applicants will need to agree to certain conditions, which are designed to assist them towards financial literacy and understanding when working with a financial mentor.

Are you committed to reducing your debt?

ABL (asset building loan)

ABL is not emergency money. It is a loan to help build your family’s assets as well as general well being. This can be a wide variety of items, for example household items such as a fridge, washing machine, TV, bedding, beds, or health items such as spectacles or dental work. School and education related expenses are included in asset building and well being.

ABL is a loan of last resort. To be eligible to apply for ABL you must:

  • Be 18 years or over
  • Have lived in the same place for two months or more
  • Be on a low income (hold a Community Services Card)
  • Have enough extra in your budget to comfortably make the repayments within two years
  • Be applying for $2,000 or less
  • Be working with a budget advisor (financial mentor)
GET HELP

DRL (debt relief loan)

The Debt Relief Loan (DRL) is a loan of last resort and is not emergency funds. DRL are granted for the purpose of repaying high interest loans. They are only granted once (DRL extension is an exception to this.) You will need to fill in the application form and agree to setting up a redirection from your wages or Work and Income payments. The loan application process requires you to provide copies of bills and statements to demonstrate the budget figures you provide.

Eligibility for Debt Relief Loan (DRL) no interest loan:

  • Be 18 years or over
  • Have lived in the same place for two months or more
  • Be on a low income
  • Have enough extra in your budget to comfortably make the repayments within two years
  • Be applying for $3,000 or less (the DRL extension is the exception to this)
  • Be working with a budget advisor for 4 months
GET HELP

Budgeting Advice

A budget is a great tool for reaching your goals. It’s a plan of where your money goes and where it comes from. For more information on what and how to budget, call your local Financial Mentor on 0800 345 123, or text: 4029 or visit the Fincap website, below.

FINCAP BUDGETING SERVICES

Financial mentors provide budgeting advice and support. Their focus is to empower people to take more control of their money. They will work alongside you and your family and whānau to help you achieve your aims. They can connect you to wider support in your community.

Moneytalks is a free helpline run by Fincap. Visit their website, below.

MONEYTALKS WEBSITE

Client Success Stories

A bigger place for the family (ABL)
Tui’s loan application was for a tenancy bond, so that she and her 5 children could move into their own home after 10 months of living with Tui’s parents in a two bedroom house. Because...
Read more
Debt and more debt (DRL)
Wendy, a Budgeting Adviser (BA), met Peter, a superannuitant, in 2014. Peter accessed food parcels, and received help to visit Work and Income due to his high hardship count. His high needs also meant that...
Read more

A Gagana Sāmoa translation of our information brochure is now available.

Download