Doherty urges government to follow through on microcredit commitments


Donegal South West Deputy Pearse Doherty is calling on the Government to fulfil its pledge to introduce a new personal microcredit scheme to assist people who have no or limited access to loan finance.

The proposed scheme, which has yet to be formally introduced, was advocated in a report by the Social Finance Foundation and the Central Bank of Ireland, and a pilot scheme had been promised by September.

It will be administered through credit unions, with Deputy Doherty, the Sinn Fein Finance Spokesperson, saying it's important that this vital facility is made available to people who otherwise will be forced to approach moneylenders.............