A TENBURY project that helps tackle extreme poverty in the area has taken on new staff and moved.
Tenbury No Interest Loans and Food Bank of fers loans of up to £400 to people in need that can be repaid over 12 or 24 months.
It is a pioneering project that does not charge interest or levy administration charges. An administrator has been appointed to oversee the loans. Most of the money for the scheme, now granted charitable status, came from an anonymous benefactor.
Jane Newton picked up the idea while working in Australia and believes it is the only one of its type in this country. The loan can be used as a credit to buy essential items such as washing machines and other household goods that are provided by a local supplier and so puts money back into the local economy.
Tenbury Food Bank provides non-perishable items, largely in tins, that are distributed to people who are referred to the ‘bank.’ The new HQ for the loan scheme and food bank will be opened next Wednesday by Ken Pollock, county councillor for Tenbury.
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