Bank of New Zealand
Bank of New Zealand (BNZ) is our key partner in the Community Finance initiative, which provides no or low interest loans to people on low incomes. BNZ has committed $60 million of loan capital to help New Zealanders on low incomes improve their quality of life. Loans are provided on a not-for-profit basis.
In 2015, BNZ won the Institutional Banking Innovation Award for its role in the Community Finance initiative. In the same year, BNZ in partnership with Good Shepherd New Zealand were shortlisted for an innovation award from the NZ Sustainable Business Network.
“We’re delighted to partner with Good Shepherd New Zealand to deliver no and low interest loans to the community through the Community Finance initiative. Community Finance offers a fair, safe and affordable line of credit for those who need it the most and means we can help New Zealanders to be good with money. Since it began in 2014, Good Shepherd New Zealand has provided a solid framework for all Community Finance partners to assist people with access to loans to help them achieve their financial goals. The team at Good Shepherd New Zealand is truly passionate about creating opportunities for families to get ahead.”
Frances Ronowicz, Head of Community Finance, Retail & Marketing, BNZ