Concern over ‘extremely low uptake’ on Microenterprises Loans

 

Serious concern has been raised over what's been described as an extremely low uptake on Microenterprises Loans.

Figures show that there's only been a 0.012% uptake of the loans with interest rates seen as major barrier.

Donegal Deputy Thomas Pringle says this coupled with the amount of paperwork required in order to obtain a loan is the root of the low uptake.

Speaking in the Dail, Deputy Pringle says the issue must looked at further and a report commissioned detailing those barriers: