We supported people to improve their financial literacy and avoid debt
Since making the shift from budget services to Building Financial Capability last year we have continued to co-design services with the sector which build the financial capability and resilience of people experiencing hardship.
Building Financial Capability services help New Zealanders increase their financial resilience and capability by:
- providing small loans through Community Finance, avoiding high-interest debt from third-tier lenders
- providing group programmes and one-to-one financial mentoring, to help clients improve their financial capability
- funding community-based providers to test ideas which address local financial capability needs, and make them sustainable.
The Building Financial Capability and budgeting sector is supported by the National Building Financial Capability Charitable Trust.
