This panel looked at Good Shepherd, a not-for profit that provides microfinancing for Australians who live on the margins. Seventeen per cent of adults in Australia experience financial exclusion.
Corrine Proske pointed out that millions of Aussies have very little access to credit, which places them and their families at risk of poverty and poor social, emotional and health outcomes. Good Shepherd provides small loans on fair rates to help these people.
Elliot Anderson gave the perspective of NAB, which is a partner of Good Shepherd and provides it with funding to a tune of $130 million a year.