A little help goes a long way: measuring the impact of the StepUP Loan program

Microfinance Financial inclusion Poverty Social isolation Australia
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This report argues that thousands of low income Australians are one step closer to financial inclusion and less likely to borrow from fringe lenders after they’ve received a StepUP Loan.

Based on a survey of 500 StepUP loan recipients, the report shows 73.6 per cent of respondents experienced a positive change in economic and social outcomes after receiving a loan through the not-for-profit program.

The report evaluates the social and economic return at $2.68 for every dollar invested in the program – as a result of factors such as a reduced reliance on welfare, savings on fringe credit and reduced stress and anxiety.

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