"Interest-free loan scheme expanded to reach up to 20,000 Britons
From September measure to help financially vulnerable will be rolled out further after successful trial
A government-supported scheme that provides interest-free loans to the financially vulnerable will be expanded to reach up to 20,000 people.
The no-interest loan scheme (Nils), which is backed by the Treasury but is run by credit unions and other lending organisations, successfully underwent a trial in Manchester and from September will be rolled out in other parts of the UK.
It aims to offer emergency loans to those who would otherwise be turned down because of not being able to afford interest payments"
https://www.theguardian.com/money/20...-20000-britons
From September measure to help financially vulnerable will be rolled out further after successful trial
A government-supported scheme that provides interest-free loans to the financially vulnerable will be expanded to reach up to 20,000 people.
The no-interest loan scheme (Nils), which is backed by the Treasury but is run by credit unions and other lending organisations, successfully underwent a trial in Manchester and from September will be rolled out in other parts of the UK.
It aims to offer emergency loans to those who would otherwise be turned down because of not being able to afford interest payments"
https://www.theguardian.com/money/20...-20000-britons
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