19-12-2008:- RM432m in micro financing loans
PUTRAJAYA: Until the end of September, a total of RM432 million in loans were disbursed through the micro financing scheme, said Deputy Finance Minister I Datuk Ahmad Husni Mohamad Hanadzlah.
“The loans have provided benefits to more than 40,000 borrowers since it was launched in 2006,” he said in his speech when officiating the seminar on Overcoming the Problem of Illegal Lenders, here yesterday.
He said the micro financing scheme was among the government’s efforts to ensure that the lower income group as well as entrepreneurs involved in micro businesses found it easy to secure loans and not fall prey to illegal lenders.
At the same time, Ahmad Husni said zakat institutions and Baitulmal needed to be proactive in channelling financial resources as an alternative to what was already available. — Bernama
Source: http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_4da1ab4d-cb73c03a-53897400-e6c93816
Saturday, December 20, 2008
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