.

By CAMERON LUCADOU-WELLS

GETTING a low-interest car loan has made a world of difference to Fatme Ibrahim.

Newly arrived from Lebanon, the unemployed single mother of children aged four, eight and nine had been knocked back for personal loans from three banks.

“Last year I was in a lost mood. Without a car, I couldn’t go anywhere without waiting for a train or a bus. I had appointments everywhere — for the bank, the school, the doctors, Centrelink. You can’t just keep asking other people to take you places.”

She recently applied for a $3000 Step-up car loan from Dandenong Community Advisory Bureau, which is similar to what’s offered at the new state government backed Good Money shopfront in Dandenong. She paid about $100 interest. The freedom since has been liberating.

SEE ALSO Cheaper lending for disadvantaged comes to Dandenong.

Ms Ibrahim says she feels more confident about applying for part-time work, now that she has swift personal transport to get from workplaces to her children’s school.

“I know lots of people on Centrelink who don’t know about these loans. I know people who have gone to [a fringe lender] and if they don’t pay on time, they have to pay high interest. They should advertise these low-interest loans more.”

Manager Jinny McGrath said the bureau received more than 3100 inquiries about the loans in the 2011-12 financial year. Of those, 136 successfully applied for loans totalling $392,000.

“One could surmise that a large proportion of those who inquired would want money to pay off debts [which these loans do not cover] or may have debts of more than $500 and thus not be eligible,” she said. 

What do you think? Post a comment below.

For all the latest breaking news, stay with this website. Also, follow the Weekly  at facebook.com/dandenongjournal or on Twitter  @DandenongJournal.

Comments are closed.

More News

Changes to the skilled foreign worker visa system will hurt Greater Dandenong businesses, particularly manufacturers. This was the message from ...

Pub politics fail to scupper carbon neutral hub… Springvale’s new community hub doesn’t “pass the pub test” and ...

Monica’s Cakes has been a Springvale South fixture for 25 years come December. Jose Bevacqua took over baking duties from ...

Extra police are on their way to Greater Dandenong. Victoria Police and the State Government announced on Thursday 27 April that 50 ...

Cornerstone is calling for community help to fund its move to a new home. The Journal revealed in December that ...

Police say a man wanted over burglary, robbery, theft and assaults is known to frequent Noble Park. They are appealing ...

Latest Sport

The Dandenong Rangers have been dealt a bitter blow in their quest to go one better in 2017/18 with co-captain Aimee ...

The legendary Craig Slocombe has capped off a brilliant 2016/17 season by claiming the Springvale South Club Champion award. The brilliant ...

It was a landmark day for the WNBL on Tuesday 25 April with Fox Sports and Basketball Australia announcing a new ...