Good Shepherd and Origin Energy provide no interest loans for energy efficient appliances
Posted: 10 May 2005
Good Shepherd Youth and Family Service and Origin Energy today launched a new no interest loan program designed specifically to enable Victorians living on low incomes to purchase energy efficient appliances at a lower than market price cost.
The ‘Better Energy Appliance Loan’ is an interest and fee free loan funded by Origin Energy and administered by Good Shepherd Youth and Family Service. The loan will be made available to people on low incomes who meet the eligibility criteria for the purchase of four and five star rated household appliances, such as refrigerators and washing machines.
“The Better Energy Appliance Loan has been developed to assist financially disadvantaged individuals and families to purchase necessary household goods, while at the same time reducing their potential energy costs,” said Michael Yore, Director, Good Shepherd Youth and Family Service.
Speaking at today’s launch, Tony Wood, General Manager, Public & Government Affairs at Origin said “By helping people manage their energy use we hope that Origin and Good Shepherd can together make a positive impact on both household financial stress and reduction of greenhouse gas emissions.”
“This program complements Origin’s existing financial hardship programs and policies that help almost 20,000 households a year in Victoria and South Australia to pay for their energy use,” said Tony Wood.
The loan is being trialled at Good Shepherd centres in Collingwood, St Albans and Hastings, and is available to eligible residents in the local government areas of: Yarra, Melbourne, Moreland, Darebin, Brimbank and the Mornington Peninsula Shire.
A key component of the Better Energy Appliance Loan program is that every loan recipient will be supported by a Good Shepherd micro-credit worker funded by Origin Energy, to mentor them through the term of the loan.
Good Shepherd has 25 years experience operating the No Interest Loans Scheme (NILS®), Australia’s oldest and largest microcredit network, as well as 15 years experience running the Good Shepherd Buying Service, which assists people on low incomes to buy new and discounted household appliances.
“The opportunity to assist disadvantaged people to buy new household appliances that are highly energy efficient is a truly progressive achievement,” said Mr Yore.
The Better Energy Appliance Loan is consistent with Origin’s approach to helping people experiencing difficulty in paying for their energy use. Origin works to create individual solutions for each customer recognising that there are a range of financial and social circumstances that people may find themselves in that can lead to difficulties.
Eligibility criteria include holding a Centrelink Health Care Card or being in receipt of Family Tax Benefit Part A. Applicants must also have been resident in one of the trial locations for more than six months. Documents are required to confirm income, expenditure and identification and not all applications will be successful.
Applications for Better Energy Appliance Loans can only be made through Good Shepherd in Collingwood, St Albans and Hastings.
For more information see http://www.originenergy.com.au