UNCOVER THE MYTHS AND FACTS ABOUT SMALL AMOUNT CREDIT CONTRACTS (SACCS)

The stats: The big need for small loans in 2014-15

In November 2013, NCPA engaged an independent research firm, CoreData, to undertake a two-year data research project into the small and medium amount loans industry – the single largest research project since legislation changes came into effect in 2013. Here are some of the key findings from that report.
0 MILLION
Number of SACCs applications
0.3 MILLION
Number of SACCs entered into 
0K
Number of people who took out a SACC
$0
Average small loan amount
0 DAYS
Average time taken to repay small loans
0 YEARS
Average age of male borrowers
CoreData, 2015 Consumer Credit Industry Report

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