Families in the Latrobe Valley can now access safe and affordable financial services at a new one-stop shop in Morwell.
The Good Money store provides access to zero or low interest loans, financial counselling and affordable insurance.
Clients can apply for loans for essential items such as a fridge, washing machine, car repairs, computers and school books.
Good Money is a safe and affordable alternative to payday lenders and helps people under financial pressure and at risk of entering a cycle of debt.
The Victorian Government is investing $2.3 million in the store, in partnership with Good Shepherd Microfinance and the National Australia Bank.
The store is part of the Government’s $174 million Community Investment and Infrastructure Fund, to deal with infrastructure, education and health priorities in the Latrobe Valley.
The Morwell store is the fourth to open in Victoria. Good Money hubs have worked with nearly 28,000 clients and approved more than 5100 no interest and low-interest loans.
For more information visit goodmoney.com.au.