Financial hardship

Below is a selection of current and completed grants addressing individual and community financial hardship.


Good Shepherd Microfinance

Financial Inclusion Action Plan (FIAP) Program

The FIAP Program has a bold future vision for an Australia where individuals and families are able to realise their potential and thrive. Connecting with others and having access to resources and tools to help build financial resilience and wellbeing is central to achieving this vision. In Phase One (2015-2018) the FIAP Program enabled 30 organisations (Trailblazers) to take 580+ actions to improve financial inclusion, resilience and wellbeing for their customers, employees and the wider community. By the end of Phase Two (2024) the ambition is to work with more than 100 member organisations, collectively reaching almost 350,000 employees and 1.7 million customers deemed most ‘at-risk’ of experiencing financial vulnerability.

Ecstra is the Principal Supporter for the transition through Phase Two of the FIAP Program. The program aligns with Ecstra’s commitment to support and grow cross sector collaboration, to build on the evidence base of “what works” in financial capability approaches, and to achieve improved outcomes for consumers, including FIAP Program member employees.

Project stage: Continuation of existing program
Grant duration: 2 years
Grant commenced: 2019


Redfern Legal Centre

Financial Abuse Legal Service NSW

Redfern Legal Centre (RLC) has established the Financial Abuse Legal Service to support people who have money problems due to domestic abuse in an intimate partner relationship. The new state wide service builds on RLC’s considerable expertise in improving outcomes for people in marginalised and disadvantaged communities. The service will address the high levels of unmet legal need across NSW for people navigating domestic violence and credit, debt and consumer law issues due to financial abuse.

Ecstra has made a three year commitment to build the capacity of the Financial Abuse Legal Service. This long term support includes funding for the Service Manager and an Education and Policy Officer to support the delivery of the legal services. (The legal services are supported separately.)

Project stage: Capacity building
Grant duration: 3 years
Grant commenced: 2019


The below grants were decided by Financial Literacy Australia (FLA). The business and activities of FLA were transferred to Ecstra in December 2018.


Centacare

STAR Journal (Spend, Track and Reflect)

The aim of the project is to create, implement, and track a financial literacy tool (a budgeting journal) that can be developed into a template which any organisation could produce and distribute to increase the financial literacy of people in their communities. The primary audience for Centacare’s trial of the tool is people on low incomes in regional and remote communities.

Project stage: Pilot
Grant duration: 2 years
Grant commenced: 2019


Wunan Foundation

Better Money Management Project

Wunan will design and deliver financial literacy resources and materials suitable for use with Aboriginal men with cognitive disabilities within the prison system - specifically, initially at the Wyndham Work Camp in the East Kimberley.

Project stage: Pilot
Grant duration: 2 years
Grant commenced: 2019


YWCA Victoria

Mind on My Money

Mind on My Money will be a series of small financial literacy workshops specifically tailored towards women in need of support and run by YWCA Australia in Melbourne, with a selection of industry experts.

Project stage: Pilot
Grant duration: 1 year
Grant commenced: 2019


Good Shepherd Microfinance (GSM)

From Conversations to Capability

Through this project GSM tested effective communications strategies (including apps and SMS messages) for microfinance clients, and has plans to translate their findings into practice where feasible. Read the report here.

The project built on previous research by GSM also supported through FLA grants into the educational opportunities presented during the NILS screening conversation as well as toolkits for microfinance workers aiding them to recognise ‘teachable moments’.

Project stage: Research
Grant duration: 2 years
Grant commenced: 2016
Grant status: Concluded


Crossway LifeCare

B-Empowered Financial Coaching

Funding supported delivery of the pilot and evaluation of the the B-Empowered financial coaching program providing one to one support to people who are facing financial difficulties.

Project stage: Research
Grant duration: 2 years
Grant commenced: 2015
Grant status: Concluded


Financial Counselling Australia

National Debt Hotline

This grant supported the merger of content from three debt help websites to become the National Debt Hotline, and upgraded the interactive self-help tool. The website offers solutions and resources to people who are experiencing debt problems.

Project stage: Resource development
Grant duration: 1 year
Grant commenced: 2014
Grant status: Concluded


Wesley Mission

In Charge of Your Money (2014)

Expanded the delivery of the In Charge of Your Money workshop program across NSW to people at risk of poverty and poor financial outcomes, and conducted a program evaluation.

Project stage: Scaling up existing program
Grant duration: 2 years
Grant commenced: 2014
Grant status: Concluded