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US$ 0.887 Billion in Small Loans Issued to Women
Source:Chinese Women's Research Network | Release Date:2010-9-16-
Title: US$ 0.887 Billion in Small Loans Issued to Women
Author:
Source: Xinhua
Release Date: September 15, 2010
Keyword: small loan to issued to women
 

"As of May this year, 6.034 billion yuan (US$0.887 Billion) worth of small loans had been made to women. The 261 million yuan (US$38.38 million) coordinated among central and local governments as subsidiary funds has solved the venture capital problems of 184,000 urban and rural women," Vice-President and Member of the Secretariat of the All-China Women's Federation Meng Xiaosi said yesterday at the Expo Women's Forum Press Conference held in Shanghai.

"That women are beneficiaries of a full financial sector discount is a landmark event. During the six months it has been in force the project has helped women make their dream businesses reality and make great achievements," Meng Xiaosi said.

"With the ready help of small secured loans, Jiangsu woman college graduate Pu Jiqing established with eight other women college graduates the College Graduate Village Officials Strawberry Pioneer Park, whose products went on sale at the Shanghai Expo. There are dozens of such examples," Meng said, concluding, "It is noteworthy that Women's Federations at all levels make small secured loans a systematic project that links funds, projects and markets, whereby funds can be lent out, put to good use and called in."
 

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