This month we welcome the newest member of the Shared Value Project Good Shepherd Microfinance. Good Shepherd Microfinance is Australia’s largest microfinance organisation, offering a suite of people-centred, affordable financial programs for people on low incomes at different financial stages of their lives.
Their aim, together with those of their community partners, is to enable clients to realise their own economic wellbeing, as they define it themselves, through appropriate financial services.
Their programs have reached more than 181,000 people previously excluded from mainstream banking access to loans and savings, with repayment rates consistently above 94%.
Good Shepherd Microfinance recognises the importance of partnerships and the potential to create shared value. They have partnered with a number of Shared Value Project members on a number of initiatives including:
- NAB – StepUP low interest loans, AddsUP matched savings plan, Good Money community finance stores
- IAG – Insurance 4 That
- Suncorp – Essentials by AAI
We look forward to having Good Shepherd Microfinance as part of our member network and to further supporting shared value partnerships between.