Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-088"

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"en.20090324.3.2-088"2
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"I would like to thank Mr Becsey for his report, which is so important to myself and my compatriots. Many people do not seem to realise how greatly the institution of micro-credits can influence a country’s socio-economic development. Small, unsecured loans are not the preserve of the poorest in the developing countries. The idea can just as well be applied to the unemployed, business start-ups or existing micro-enterprises. Offering people without access to credit the opportunity to fund their initiatives is a major step towards implementing the principle ‘think small first’. In proposing such loans, we are promoting entrepreneurship and increasing work activity, thereby averting and reducing social exclusion. Micro-credits have a very positive effect – which is particularly important in my country – on the level of unemployment. When introducing loans of this kind, however, a few important issues need to be borne in mind. Firstly, the institutional and legal frameworks of micro-credits need to be adapted to the level of development of the loan funds market. Secondly, the procedures relating to this service must be examined. Unfortunately, due to their complex nature, micro-entrepreneurs and persons starting out in business are more inclined to apply for consumer loans. Thirdly, in order to popularise micro-credits, entrepreneurs need to be made aware of the fact that there are alternatives to bank loans for raising funding. Despite these reservations, I welcome the micro-credit service in Poland with open arms."@en1

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