11,000 bids for crisis loans in city last year

LONDONDERRY people struggling to survive submitted over 11k applications for emergency crisis loans to the value of £1,370,000 last year, it has emerged.
By The Newsroom
Published 3rd Mar 2012, 11:02 BST

Social Development Minister Nelson McCausland revealed there were a total of 11,722 applications for £1,948,000 worth of loans in Londonderry in 2010/11.

Ultimately, 11,162 of these were successful and a total sum of £1,370,000 was awarded.

Hide Ad
Hide Ad

Crisis loans are made when people are unable to meet their immediate short term needs as the result of an emergency or disaster.

The Minister explained that people can make multiple applications throughout the year.

According to the Social Security Agency (SSA) loans should be the only means of avoiding serious damage or risk to the health or safety of the applicant or a member of the family.