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Easier credit to help unemployed people start up businesses
Image by European Parliament
Legal measures to make it easier for people who have lost or risk losing their jobs to get credit to start up their own businesses were backed by the European Parliament on Tuesday.
A "European Progress Microfinance Facility" is to make available "micro-credits" (up to €25,000) to people who want loans to start or grow very small firms (10 people or less and a turnover of less than €2 million), but are unable to obtain them on conventional credit markets.
The rapporteur Kinga Göncz is smiling the moment the chamber vote YES to the report on microfinance.
Read more: www.europarl.europa.eu/news/public/focus_page/008-66083-3...
©European Parliament/Pietro Naj-Oleari
