Report

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

Publisher
Microfinance Financial inclusion Poverty Social isolation Australia
Resources
Attachment Size
apo-nid33736.pdf 822.64 KB
Description

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.

Publication Details
Access Rights Type:
open