NILS- No Interest loan Scheme

The Ravenshoe Community Centre auspices the Ravenshoe Community Support NO INTEREST LOAN SCHEME (NILS) to residents in the Southern Tablelands townships of Ravenshoe, Milla Millaa, and areas to the west including Mt Garnet, Georgetown, Croydon, Forsayth & Mt Surprise areas who meet the eligibility requirements.

NILS provides individuals and families on low incomes access to safe, fair and affordable credit. NO FEES, NO CHARGES, NO INTEREST. NILS loans are generally available for the purchase of essential goods and service.

These may include:

  • household items like fridges, washing machines, stoves, dryers, freezers and some furniture
  • some medical and dental services
  • educational essentials such as computers, text books or course fees
  • or other items as requested.

Loan amounts are up to $1000 with repayments calculated at an affordable amount over 12 months. No credit checks are made as this is a community owned program based on trust and respect. As borrower repays monies back to NILS, funds are then available to someone else in the community. This money, which has been made available through a partnership with the National Australia Bank, recycles through the community many times over and has the potential to grow and become a long-term sustainable community asset.

This program was developed by Good Shepherd Microfinance and commenced in Ravenshoe in 2009. The NILS program has successfully processed over 400 loans to date.


Phone: 07 4097 6726

Mobile: 04 4891 9805