The CEO of St Francis Credit Union says they’re seeing an increase in the number of parents borrowing to cover back-to-school costs.
A recent survey from the Irish League of Credit Unions shows that 71% of parents in Munster find sending their children to school is a financial burden.
- Advertisement -
Families in the province are spending €1,341 per primary school child and €1,461 on secondary school children.
Louis Fay from St. Francis Credit Union says the demand for loans isn’t necessarily a bad thing as it means parents aren’t resorting to illegal moneylenders.
Listen back to the full interview here: