Josephite Foundation

 

About Us

How we started

In 1998, in his message for the World Day of Peace, Pope John Paul II recognised that peace was threatened by injustice. One form of injustice that he named was the lack of fair access to credit.

“The poor are often obliged to remain outside the normal financial system or to place themselves in the hands of unscrupulous money lenders who charge exorbitant rates of interest. The result is the aggravation of an already precarious situation. For this reason it is everyone’s duty to ensure that the poor have access to credit on equitable terms and affordable interest rates.”

From Old Testament times, a Jubilee Year was a time for putting right what was wrong and for working on structures to ensure equality among people. The Sisters responded to the Jubilee Year called by Pope John Paul II for 2000 by reflecting on the spirit of Mary MacKillop and Julian Tenison Woods and their concern for justice. As a result they formed the Josephite Foundation and established its first major project, the Bathurst No Interest Loan Scheme (NILS®).

Since then the Josephite Foundation has continued to grow in its quest to promote financial inclusion and offer fair and equitable credit to people with low incomes. The Josephite Foundation now runs four No Interest Loan Schemes and two StepUP Loan programs.

Our Mission

Guided by the spirit and values of Mary MacKillop and Julian Tenison Woods, the Josephite Foundation seeks to promote dignity of people by enhancing self-determination, personal growth and justice for those who are marginalised in our community.

What we do

The Josephite Foundation provides people on low incomes access to fair and equitable Microfinance in the form of either No Interest Loans or StepUP Loans.

No Interest Loan Schemes (NILS)

The Josephite Foundation is an accredited NILS program modelled on the scheme that was developed by the Good Shepherd Sisters in 1981. Loans are offered on the basis of “Circular Community Credit” where the borrower makes a repayment to the NILS program making the funds available for somebody else in the community to borrow.

Loans are available for amounts up to $1,000 to assist people with the purchase of new essential household items, some services, medical equipment and educational equipment. In the case of energy efficient electrical goods which meet a minimum star rating requirement, the maximum loan amount is $1,200.

There are no fees and 0.00% Interest!

Loans are generally repaid over a term of 12 to 18 months.

Who is eligible to apply?

People who:

  • Live in the Local Government Areas serviced by one of the above Josephite Foundation NILS programs (which are listed below under Locations) and have resided at their current address for six months or more.
  • Have a current Healthcare Card or Pension Concession Card, or be a low income earner in the workforce*
  • Can afford to repay the loan in small fortnightly repayments (usually $20-$30).

* To be considered a Low Income Earner in the Workforce your Gross Household Income must be below a limit that is determined by the number of people in the household. These income limits are updated annually and can be obtained by contacting one of our NILS Coordinators.

StepUp Loans

The Josephite Foundation in partnership with Good Shepherd Microfinance and the NAB also offer clients access to StepUp loans, which are a low interest loans provided by the NAB for low income earners.  

Loans are available for amounts of $800 to $3,000 to assist people with the purchase of second hand motor vehicles, vehicle repairs, mobility aids, new essential household items, some services, medical equipment and educational equipment.

The rate offered by the NAB is currently 5.99% and loan can be taken over periods of up to 3 years.

There are no additional fees or charges.

Who is eligible to apply?

People who:

  • Have resided at their current address for 3 months or more.
  • Have a current Healthcare Card or Pension Concession Card.
  • Can afford to repay the loan. 

How to apply

You will need to make an appointment for an interview with a Josephite Foundation Loans Coordinator, and bring the following documents to the interview:

  • Your current Healthcare Card or Pension Concession Card (if applicable)
  • A recent Centrelink Income Statement and/or proof of annual income
  • Last two payslips (if applicable)
  • Your last utility bills – gas, electricity, telephone and internet
  • A document showing length of stay at your current residence
  • A current rental statement or rates notice (for homeowners)
  • Details of your household spending
  • Details and statements of any outstanding debts
  • Details of any other commitments – consumer lease, rent/buy, lay-by, pay TV, insurance etc.
  • Written quotes for the item being purchased

Locations

Bathurst NILS

Servicing the Local Government Areas of Bathurst, Blayney and Oberon.
Monday to Wednesday.
Located at the Bathurst Neighbourhood Centre
96 Russell St, Bathurst NSW 2795

Ph. 02 6332 4866

Bathurst StepUP Loans

Thursday to Friday.
This program also provides an outreach service to Orange and Cowra once a fortnight.
Located at the Bathurst Neighbourhood Centre
96 Russell St, Bathurst NSW 2795

Ph. 02 6332 4866

Cowra NILS

Servicing the Local Government Areas of Cowra, Cabonne and Weddin.
Tuesday to Wednesday.
Located in the Cowra Community & Neighbourhood Centre
15 Vaux St, Cowra NSW 2794

Ph. 02 6340 1100

Lithgow NILS

Servicing the Greater Lithgow Local Government Area.
Wednesday to Thursday.
Located at Room 5, 2 Roy St, Lithgow NSW 2790

Ph. 02 6352 3159

Lithgow StepUP Loans

Tuesday.
Located at Room 5, 2 Roy St, Lithgow NSW 2790

Ph. 02 6352 3159

Young NILS

Servicing the Local Government Areas of Young, Boorowa, Harden, Cootamundra, Weddin and Temora.
Tuesday to Wednesday.
Located in the Young & District Community Hub
2cCampbell St, Young NSW 2594

Ph. 026382 6328


Page last updated: April 2016