Ngā Tāngata Microfinance Calls for Smarter, Safer Money Choices as Credit Demand Surges
With consumer credit demand climbing sharply and personal-loan arrears still sitting at 9%, Ngā Tāngata Microfinance is urging New Zealanders to explore safer, more supportive financial options heading into the busy end-of-year spending season.
The latest Centrix Credit Indicator Report (September 2025) shows consumer credit demand rising 5.6% year-on-year, driven by a 4.4% increase in personal-loan applications, the highest level sinceDecember 2024. Despite this surge, arrears remain elevated, signalling ongoing financial pressure
across households.
Ngā Tāngata Microfinance, a small non-profit dedicated to helping financially vulnerable New Zealanders, provides ethical, interest-free loans that offer a genuine hand up, not a hand-out.
With many families already feeling stretched, the organisation says now is the time for practical, accessible support.
A Smarter, Ethical Alternative
“As more people rely on borrowing to pay for the basics, it’s crucial they’re not pushed into further hardship by high-cost debt,” says Vijay Farley-Naiker, General Manager of Ngā Tāngata
Microfinance. “Our interest-free, fees-free loans and supportive mentoring help people regain control of their finances safely, without adding pressure. It’s about giving Kiwis the tools and knowledge to get ahead.”
Support That Goes Beyond the Loan
Each loan application is paired with free financial mentoring, giving borrowers personalised support to budget better, plan ahead, check benefit entitlements, and navigate tough times.
“The great part is that it’s completely free and financial mentors can continue supporting people for as long as needed,” says Farley-Naiker.
Introducing My Money Kete – Your Free Money Toolkit
To further support New Zealanders, Ngā Tāngata Microfinance is promoting its free financial capability programme: My Money Kete, a practical and accessible online toolkit designed to build
money confidence.
My Money Kete includes:
• Free online workshops on how to get ahead with money
• Tips and tools to reduce debt, budget better, and save
• A members-only closed Facebook group
• Live chat with a financial mentor
Olive Stanley, My Money Kete Coordinator explains, “My Money Kete empowers people with real, practical knowledge in a free, safe space where they can learn at their own pace.”
Helping Kiwis Start 2026 on Stronger Footing
With almost one in 10 people behind on their personal loan repayments and festive-season spending approaching, Ngā Tāngata Microfinance encourages people to take the time now to review their finances.
“A quick kōrero with a financial mentor or a first step through My Money Kete can uncover simple ways to reduce pressure, simplify repayments, and build confidence. Together, we can help whānaustart 2026 stronger,” says Farley-Naiker.