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