Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-203"
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"en.20090324.26.2-203"2
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"Mr President, let me begin my thanking you and all the interpreters for your patience during this very long set of explanations of vote.
I think there is consensus across Parliament on the merits of microcredit: it is one of those issues that left and right in Parliament can agree on.
At this stage, let me pay tribute to two organisations in particular. One is Opportunity International, which is headed by a former central bank governor of an African country and brings a professional approach to microcredit where sometimes that has been sadly lacking. The other is an organisation and its excellent website – www.kiva.org – which allows people to lend as little as USD 25 individually and is aggregated up to larger microloans to entrepreneurs across the world, particularly in developing countries, allowing them to create wealth and jobs in their local communities.
The one point I would like to make is that we must make sure that local, national or EU government does not crowd out the small community-led and private microcredit providers. I have cases of that in my constituency in London where community-led organisations have been crowded out by local government.
On the whole, however, I think we can agree that microcredit is a great thing to help entrepreneurs in poorer countries."@en1
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