Interest-free micro-credit loans scheme for aspiring business women
Source: ACT. Minister for Women. Media Release
"Canberra women on low incomes will have access to interest-free loans of up to $3000 to help them establish or further develop their own businesses under a new ACT Government initiative. The Minister for Women, Katy Gallagher MLA, said the ACT Women's Micro-credit Program would provide $150,000 in loans to local women over the next four years. "The idea of offering small loans to individuals or very small business enterprises to assist in the creation or expansion of micro-enterprises originated in Bangladesh in 1976 through the Grameen Bank," Ms Gallagher said."