Microfinance In The Developing World
EDM number 1910 in 2005-06, proposed by Keith Vaz on 28/03/2006.
That this House supports the efforts of governments and non-governmental organisations in providing microfinance schemes to those living below the poverty line in the developing world; recognises that the poorest of the developing world lack the relatively tiny sums of investment capital required to start a business and become self-employed; further notes the recent report of the Microcredit Summit Campaign that in 2004 more than 66 million of the world's poorest people, 84 per cent. of them women, received tiny loans last year to start or expand micro businesses; and fully supports microfinance projects as effective and efficient schemes that tackle poverty, reduce the need for aid, empower women and spur development.
This motion has been signed by a total of 51 MPs.
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