Microloans help people in difficult social circumstances to find their way out of unemployment and poverty. Although generally associated with South Asia and Latin America, where the first initiatives were launched four decades ago, they are also increasingly used in Europe. In 2010, the EU launched the European Progress Microfinance Facility to improve conditions for borrowers to obtain small loans. On Tuesday the EP's employment committee votes on a report concerning its implementation.
Committee on Employment and Social Affairs
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© European Union, 2015 - EP