Annual Report 2012 - Lifeline Darling Downs

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Lifeline Darling Downs & South West Queensland Ltd 2012 Annual Report
No Interest Loans Scheme (NILS)
by Alan Dean, Manager Federal & Other Funding
Funded by the National Bank (NAB). Lifeline Darling Downs and South West QLD NILS has
a line of credit of $200,000. Loans are currently issued for around $1,000 - $1,200 and are
interest free. The loans are earmarked for essential household items.
The Team
The original setting up of the program was done by Karen Martin. Our first loan took
place in December 2012. Karen left us in January and Glenda Humes was appointed
as the new NILS worker.
Achievements
With the arrival of Glenda Humes in February working two days a week our loans have
really taken off with over 70 people receiving loans until the end of 30 June 2012.
We have given out $57,000.00 in loans.
We have at present three loans that are not meeting their repayments.
Challenges
We had a slow start to the program due to working out arrangements between our
auspicing body and the NAB.
We had only one loan in the first six months and this could have affected our future
on our behalf by The Good Shepherd our auspicing body, we did receive a further 18
months future funding. However, the funding was halved by the government and so we
will have to reduce our days of operation from two to one from September 2012.
The demand is great and we have at present, a two week waiting list.
We have had some trouble with our database and hopefully this will be ready for the
rest of the year.
Future directions
Due to the above curtailment we will reduce the number of loans we give out to two a
day. This will allow Glenda to do the interviews and the necessary paper work.
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