Anglican Advocacy: Save Your Self Interest Free Lending Program
The Save Your Self Interest Free Lending Program was an Anglican Advocay (then Anglican Social Justice Unit) initiative which came about as a result of rising costs for those already struggling post-earthquake, and an awareness of predatory loan schemes.
The focus was the Pasifika community, for things that people could not realistically budget for, such as funeral costs. Four loans were made, of up to $3,000, and all were repaid. The loans helped people out of bad living situations that they were stuck in for lack of a bond for a new flat.
The project didn't continue because of a change in the Financial Creditors Act, which meant that Anglican Advocacy would incur the same compliance costs as a bank.