Celebrating three years of fair loans for our communities

BNZ’s Head of Community Finance, Frances Ronowicz, reflects on three years of providing affordable loans in a successful partnership with the government and not-for-profit organisations.

Elsie’s got $80 more a week in her family budget after receiving a Community Finance loan for home appliances. Les has independence in his retirement now that he could buy a reliable car with his loan funds. Aayla can get her kids to school and herself to university with the car she bought with her loan.

Our Community Finance initiative is three years old now and these New Zealanders are among hundreds who have benefitted from an affordable low or no interest loan, where the alternative could have led to an unsustainable debt situation. Continue reading…

Turning bad debts into good habits

Director of Retail and Marketing Paul Carter shares how BNZ’s Community Finance programme helps people be good with money so they can do great things with it. Not just through the low-interest loans, but also through the conversations held.

It’s Money Week and the official theme is “What does debt do for you?”.

This got me thinking about what debt has done for me and my family. Continue reading…