Article 60H87 Interest-free loan scheme expanded to reach up to 20,000 Britons

Interest-free loan scheme expanded to reach up to 20,000 Britons

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from World news | The Guardian on (#60H87)

From September measure to help financially vulnerable will be rolled out further after successful trial

A government-supported scheme that provides interest-free loans to the financially vulnerable will be expanded to reach up to 20,000 people.

The no-interest loan scheme (Nils), which is backed by the Treasury but is run by credit unions and other lending organisations, successfully underwent a trial in Manchester and from September will be rolled out in other parts of the UK.

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