Microfinance

Business, Innovation and Skills written question – answered on 26th January 2011.

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Photo of Valerie Vaz Valerie Vaz Labour, Walsall South

To ask the Secretary of State for Business, Innovation and Skills what recent assessment he has made of the effectiveness of microfinance projects in supporting (a) small and medium-sized enterprises (SMEs) and (b) SMEs led by women.

Photo of Mark Prisk Mark Prisk The Minister of State, Department for Business, Innovation and Skills

In June 2010 the Department for Business, Innovation and Skills published an action-orientated summary of the national evaluation of Community Development Finance Institutions (which includes microfinance) for the sector. This set out information on the effectiveness of microfinance projects in supporting SMEs. The report did not break down the outcomes for the projects by gender but support for women is mainstreamed within the CDFI sector.

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