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Qualifying criteria
- Must complete a budget (template available at https://moneysmart.gov.au/budgeting/budget-planner) and an application available here to establish your ability to repay and the duration of the loan. Depending on the results, applicants may be asked to see a financial counselor prior to payment
- Purpose of the loan: must enable work
Recipients
- Must be for one of the overlooked groups that we are working with (currently refugees and asylum seekers new to employment in Australia)
- Must be willing to sign a loan agreement
- Must be willing to set up automatic deposits
- Must provide full name, address, and phone number
- Amount: Max amount of $1000 without receiving strict scrutiny (which will require more time)
- Interest Rate: 0%
- Repayment term: case-by-case
- Application: Budget, and application must be emailed to enquires@pgpurpose.org for review and approval. Upon approval a loan agreement will be sent.
Administrative notes
- Note that this program is still under development and policies can be changed without notice.
- This program has a dedicated fund, and all loans are made on a funds-available basis.