Wednesday, June 6th, 2012
Delegates from across Australia will consider the growing need to provide safe, affordable, no and low interest loans for Australians on low incomes at a major microfinance conference in Sydney on 7 and 8 June.

Good Shepherd Microfinance is hosting the annual national No Interest Loan Scheme (NILS) conference which will consider a range of pressing issues from payday lending, financial exclusion and new directions for microfinance in Australia.

Good Shepherd Microfinance was established as a new entity in late 2011 in order to continue the work undertaken by Good Shepherd over the past 30 years to fight poverty and to advocate for a fairer and more inclusive financial system in Australia.

Adam Mooney, Chief Executive Officer of Good Shepherd Microfinance, said the NILS Conference was timely with payday legislation in front of Federal Parliament and the recent publication, Measuring Financial Exclusion in Australia 2012 from the Centre of Social Impact.

“Today there are just under three million Australians who do not have access to mainstream financial services, many of whom are Indigenous people.”

“NILS is Australia’s largest microfinance program and it is making a real difference to the lives of people and families suffering the enormous stress of having to go without basic household necessities,” he said.

Last year Good Shepherd Microfinance, through its NILS network of 229 accredited community providers, issued 18,000 loans to the value of over $11 million. The majority of borrowers were women and one quarter of all borrowers identified themselves as Indigenous Australians.

The conference is at The Sydney Convention and Exhibition Centre, Darling Harbour.

Issues on the agenda include financial inclusion, payday lending, and the growing need for the mainstream financial industry to offer alternative, safe and affordable loans.

About the No Interest Loan Scheme
NILS has been operating for over 30 years in Australia, providing safe, affordable, no-interest loans to Australians on low and limited incomes for everyday items and emergencies. It is delivered by Good Shepherd Microfinance in partnership with National Australia Bank (NAB) and the Federal Government’s Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) in over 400 locations around Australia through a network of accredited community providers. It is one of a range of innovative microfinance programs established by Good Shepherd Microfinance.

Contact Profile

Penny Underwood

P: 03 9818 8540
M: 040 99 252 99


Good Shepherd Microfinance, Adam Mooney, No Interest Loan Scheme, NILS, Sydney Conference



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