Manning No-Interest Loan Scheme

Manning No-Interest Loan Scheme (Manning NILS) is modelled on schemes that have been operating elsewhere for over 20 years.

It enables people on low incomes to purchase household appliances, furniture, and medical equipment in a way that avoids the debt-trap of other forms of credit.

Manning NILS is an alternative form of credit, not emergency relief, and we only lend to people who are able to repay a loan without it causing financial pressure.

How does it work?

The money for loans comes from donations and grants. As people repay the loans, the money goes back into the loan pool for other people to borrow.

The LOCAL community benefits, as well as LOCAL businesses. Everyone that takes part helps other people, as well as improving the quality of their own life. You can also borrow again six months after you've repaid your previous loan.

Who can apply?

People who:

1. have lived in the council areas of Greater Taree or Gloucester for at least six months, and

2. are receiving a Centrelink payment or are on a low income, and

3. can afford to repay the loan in fortnightly repayments.

Lending

How much do we lend?

From $100 up to $1,000.

What do we lend for?

Household appliances, furniture and medical equipment.

What don't we lend for?

Emergency relief

General living expenses

Rent arrears

Payment of debts and bills

Second-hand goods

Recurring costs such as car rego

Car repairs

Items that other agencies provide

How May I Apply?

To discuss a loan application call the office on Tuesday to Thursday between 9.00am and 4.30pm  and Friday 9.00am to 2.00pm on 6551 1800.

If you fit the basic eligibility criteria we'll send an application form and arrange an interview. We'll give you a list of what you'll need to provide at the interview.

Loans are approved by an independent assessor instead of an in dependant volunteer committee.

Repayments

Tailored to suit your budget

Debited using Centrepay

Minimum $10 a fortnight

Up to 18 months to repay

What does it cost?

There's absolutely no charges or interest on the loans. You simply repay what you've borrowed.

Who do you speak to?

Jason McLoughlin is the Team Leader of the Manning No Interest Loans Scheme and Joshua Rogers is the Loans Officer for the Greater Taree area. While June Ryan is the outreach worker who services both Taree & Gloucester. They will answer any questions you may have.

Staff

This e-mail address is being protected from spambots. You need JavaScript enabled to view it

June Ryan - Loans Officer

This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Contact Details

Postal Address

P.O. Box 759 Taree NSW 2430

Office Location

78 Wynter Street, Taree NSW 2430

Phone

(02)  6551 1800

Fax

(02) 6551 5700

Who Supports Manning NILS?

Manning NILS is funded by the NSW Office of Fair Trading

The loan funds are provided by:

• The Mercy Foundation

• The Ian Potter Foundation

• The Perpetual Foundation

Any donations are most welcome and donations of $2.00 and over are tax deductible. Registered Charity - CFN 14250

Be Involved in Your Community!

Are you interested in being involved in this community based organisation?

Why not join the voluntary Loans Approval Committee?

Contact the Team Leader on 6551 1800 for details.

Links

NILS NSW home page

Centrelink Health Care Card Income Test - For Low Income Earners

Good Shepherd Sisters - Australia & Aotearoa

The Ian Potter Foundation

Mercy Foundation

Perpetual Trustees Australia Limited Home Page

DoCS: about the Department of Community Services

Our Community - Australia's national gateway for community groups and schools

Wesley Creditline - on-line money planner