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For
an Angel Fund outside Canterbury Click here
Our October newsletter is now available. Click
here
New Location and Contact Details
The Angel Fund has a new home at 399 Cashel St (between Fitzgerald &
Stanmore) sharing space with the Christchurch Small Business Centre. Please
make a time with with me before dropping in as as I am often out of office
now.
You can leave a message for me on ph 3669978 or as I will be working
a lot from home you can text me on 022 41ANGEL (022 4126435).
Or send an email to info@angelfund.org.nz
Interested in selling thru markets?
We have listed some markets and contacts other women have found useful.
for much help with this.
See marketschch.wikispaces.com
If our info is out of date I would appreciate an email info@angelfund.org.nz
so I can keep it updated. Thanks
Angel Fund
– Wahine Putea (Christchurch) is a women’s small loan fund that lends small
amounts (typically up to $500) to women in the Christchurch and Canterbury
area who are on a low income and have difficulty accessing credit from
traditional sources.
Loans are for:
*Small/home
business start up costs
*Training
courses, seminars and further education
*Transition
to work expenses.
Angel Fund
also offers members some business support, newsletters,
opportunities to meet with other borrowers and a savings
scheme.
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Angel Fund - Wahine Putea aims to
create opportunities which enable women on low incomes to work towards
financial independence. The loan fund is administered by a co-ordinator,
Koa Saxby. Loan decisions are made by the committee. Current committee
members are: Lynne Prattley, Adrienne Carmichael, Philippa Burns and Mary
Miller.
Since the first loan in 1995 until
Feb 2010, over 340 loans have been made and over $140,000 of loans paid
outand repaid. Defaults are few and so it is like the original loan pool
has been loaned and repaid a dozen times over. In recent time about
80% of the loans are for business, 15% for education and 5% for transition
to work expenses.
The Christchurch Angel Fund started
in 1995 and was modeled on the Wellington Women’s Loan Fund, which began
operating in 1992. A group of Christchurch women from enterprise
agencies, community groups, City Council, and interested individuals
met to discuss setting up a Fund similar to the Wellington one. |
click on cropped images below
to see full picture
above:Kiri
Coordinater & committee
members pictured with
Gwenyth Wright, founding Angel
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The group knew that many low income
women did not have access to credit for small loans which would allow them
to move towards economic independence. They also knew that
women’s incomes are generally lower than men’s, that the incomes
of Maori are lower than those of non-Maori and that women are over-represented
in lower income groups.
The description “Angels”
was borrowed from Broadway where, when a Show was about to close because
money was needed, the person who provided finance became known as
an “Angel”. Hence, women who lend money to “on-lend” are referred
to as “Angels”.
The Angel Fund gratefully acknowledges
the support of:
The
Canterbury Community Trust, Community
Organisation Grants Scheme, Lion
Foundation, The United Way,
Dove Charitable Trust (who supported development of this web site), Pub
Charity, NZ Charitable Trust, Zonta Club of Christchurch North and
all our donating, lending and saving Angels.
PO Box 4232
Christchurch / Otautahi
Ph: 366 9978 ext 4 or 022
4126435
Fax: 366 9971
Email:
info@angelfund.org.nz |
