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For a rainy day
New campaign to get young Travellers in the habit of saving
A significant number of Travellers are unable to access or use mainstream financial services.
Updated at 1pm
A CAMPAIGN TO improve Travellers’ access to financial services has been launched this morning.
The National Traveller Money Advice and Budgeting Service (MABS) has launched videos as part of the campaign to enhance the financial inclusion of the Traveller community.
Marie Joyce (19) from Cavan, features in a video entitled ‘Get Saving’, which aims to promote a savings culture amongst young Travellers.
Coordinator of National Traveller MABS, Nuala Ní Ghabhann, said:
A significant number of Travellers are unable to access or use mainstream financial services that are appropriate to their needs.
“Financial exclusion compounds issues of social exclusion; this is why it is so important that we highlight the challenges Travellers face in accessing financial services, and promote better awareness of saving and money management skills amongst Travellers.”
National Traveller MABS Caravan Loan Guarantee scheme was designed to enable Travellers to access loans at reasonable rates from their local credit union for the upgrade, repair or replacement of a caravan that serves as a family home.
A review of the scheme found that people on low incomes are credit-worthy.
Read: South Dublin County Council votes to recognise Travellers as an ethnic minority>
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