Published: 24th Apr 2014

As a response to the growth of high cost credit on the high street one scheme in Tenbury Wells, a market town in the Malvern Hills district of Worcestershire, has been set up to give financially excluded local people an opportunity to access no interest loans without having to enter the shops of payday lenders or pawnbrokers. Despite starting in early 2013 it was given prominence recently in a BBC News item after a decision had been made to open another site in nearby Ludlow to provide credit to people in really desperate circumstances; the demand for the no interest loans scheme (Nils) had grown to the extent where one site was longer enough. Jane Newton who works for Tenbury Citizens Advice Bureau picked up the idea while working in Australia. Indeed the Good Shepherd Youth & Family Service in Australia started the first No Interest Loan Scheme in 1981 … (To read the full article, subscribe below)